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.

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?

Marlene Satter

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

More from this author

 

BenefitsPRO

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 © 2023 ALM Global, LLC. All Rights Reserved.