Investment strategy design for defined contribution pension plans
نویسنده
چکیده
As a consequence, individuals‟ retirement planning requirements have become significantly more complex. In an ideal world, members of DC schemes would have access to individual investment advice to allow them to construct a plan to help manage these risks. In practice it has not yet been possible to supply full, individually tailored advice to all DC members on an affordable basis. Instead what has evolved is the concept of default investment strategies that are deemed to be reasonable for any DC member and are used where an individual is uncertain what investment choice to make or doesn‟t actually make a choice.
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