business woman Cerulli research indicates that while 81.8 percent of asset managers currently have multi-asset allocations included in their default fund offering, 50 percent of respondents plan to increase the allocation to multi-asset over the next one to two years. (Photo: Shutterstock)

In the U.K., asset managers are “designing default funds that accommodate all three of the options available to retiring defined contribution members,” according to The Cerulli Edge —Global Edition.

Cerulli says in the report that covering all bases is the right way to go for those managers. “This is the right approach for asset managers to be taking, given the uncertainty as to which of the options future DC retirees will go for,” André Schnurrenberger, Europe managing director of Cerulli Associates, is quoted saying.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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