Congruent sheds light on the topics and questions that matter to you, so that you’re equipped with new ideas to innovate, in the competitive landscape of record-keeping and plan administration. Our in-house experts offer insights you can harness.
Investment Vehicles in Pension Funds
Categories : Auto-enrolment Blog ETF Investment Vehicles Pension Funds
Author : Sagar
A majority of people do not save enough for retirement, and those who save, do so without understanding investment vehicles or without a goal and investment horizon. Many pension plans around the world are trying to address this by auto-enrolment, and default funds. Industry statistics in the US show that participation rates in pension plans has increased by around 15% as a result of auto-enrolment. While this is good, the default contribution rates for those auto-enrolled, however, are very low compared to those of the persons who elect to participate in pension plans.
Lack of Standards in the Retirement Industry
Categories : Record Keepers Retirement Plans Blog Pension Funds Asset Managers Data Exchange Standards In The Retirement Industry
Tags : Asset Managers Data Exchange Insurance industry Record keepers Retirement plans Standards in the Retirement Industry
Author : Sagar
Having made a move from Insurance to Retirement like so many of my peers, I was first awestruck by the sheer numbers in this industry in terms of total assets: with the total assets of pension funds about $10 trillion more than insurance companies. Soon after, I was dumbstruck by the total lack of standards amongst record keepers and asset managers alike in the pension industry.