Retirement Industry People Moves
PGIM Fixed Income announces new head of municipal bonds; Charles Schwab announces new president; Insight Investment names head of solution design for North America; and more.
Stay updated with breaking news from Sandy Halim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PGIM Fixed Income announces new head of municipal bonds; Charles Schwab announces new president; Insight Investment names head of solution design for North America; and more.
TIAA appoints chief brand and demand generation officer; BDO USA adds Lowery Asset Consulting; Morgan Stanley Investment Management bolsters sales leadership team; and more.
1 Introduction The creation of the target date fund (TDF) sought to make available a professionally managed solution for individuals saving for retirement through their employer’s defined contribution (DC)/ 401(k) plan. In the U.S., DC assets represent 61% of total retirement assets 1 and that percentage is expected to continue to rise. However, despite improvements to investment options and participant behavior, on average, DC plans continue to see returns that lag defined benefit (DB) plans. Looking across two recent studies, this de...