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Best Pensions Paper 2017 (North America)

  • ,  Chief Executive |
  • 08 Dec 2017
  • Updated 08 Jun 2018

Savvy Awards 2017 Fixed Income

WINNER: AllianceBernstein (AB)

Designing the Future of Target-Date Funds: A new blueprint for improving retirement outcomes
This paper by AB explores how target-date funds in the United States might evolve from the current model to one that incorporates present-day practices and solutions. The authors argue that America's workers need to be better equipped for the financial needs of retirement. In view of this, they have developed an improved glide path design which includes a wider set of asset classes that can, potentially, limit risk and build more retirement income.


2017 U.S. Investment Management Fee Survey by Callan
This survey by Callan presents the findings of recent research the company conducted into investment management fees. The report considers a variety of themes, such as current trends and fee payment practices. A wide sample of US-based asset owners and investment organizations were surveyed for the report.

Designing retirement schemes Canadians want: observations from a Modern DB Pension Plan by CAAT Pension Plan 
This 16-page report provides the findings from a recent survey into Canada's retirement income system. The survey indicates that Canadians place a high value on tangible retirement outcomes and they are willing to pay more to achieve those specific outcomes. The authors discuss this, and other observations.

2017 U.S. Defined Contribution Plan Sponsor Survey Findings by JP Morgan Asset Management 
This report by JP Morgan Asset Management provides the findings from a recent Defined Contribution (DC) plan sponsor survey. The survey shows that the transformation of DC plans continues, with plan sponsors and their funds shifting to a more relevant and modern view of financial security in retirement, from a more traditional one.

The Benefits of Real Assets Diversification in Defined Contribution Plans by Cohen & Steers 
This Cohen & Steers paper makes the case for adding liquid real assets (e.g. listed infrastructure, real estate securities, natural resource equities, commodities) as a means of diversifying DC plan investment menus. As tapering starts to take effect, these assets may offer attractive returns going forward.

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