Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Pension plan sponsors, particularly of larger plans, nearly always rely on the recommendations of outside consultants in choosing plan investments. They spend a considerable amount of money doing so, with CalPERS and CalSTRS alone accounting for $42 million in investment consultant fees last year. And they’re not alone; a 2011 survey found that 94 percent of pension funds call upon outsiders to suggest investments.

A study by Oxford, however, says that it’s wasted effort and wasted money — that the recommendations of investment consultants underperform, resulting in lower yields on plan investments.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.