With rock-bottom interest rates and low returns a continuing issue for most plan sponsors, a new wave of DC plan design and product structuring is on its way – though it's not going to be an easy trip, says PIMCO's Steve Ferber, senior VP for the company's DC division.
Ferber, chair of the FRA DCIO Market show in Boston, said Monday that plan sponsors also need to remember that taking the easy way out and loading up a DC plan with an array of simple, passively managed offerings may not offer them any additional protection in a fiduciary sense.
"We've started to see that passive funds management is not necessarily any better or safer than actively managed funds," he notes.
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