Defined Contribution

A corporate pension plan is not suitable for some staff members, especially those 50 and older and who significant debts, according to a Prudential-sponsored report from Britains Pensions Policy Institute.

The DOLs Advisory Council on Employee Welfare and Pension Benefit Plans will host a symposium exploring key trends affecting sponsor liability and the massive movements of cash from employer-sponsored programs to individual accounts.

It is hard to find a rationale, it says, for taking more risk at retirement.

Questions are raised about opacity, risk and the often enormous fees guaranteed to fund managers no matter how they perform.

In the first quarter of this year, 28.4 percent of womens retirement savings were in asset allocation accounts, compared to 27.7 percent of mens retirement savings.

About 30 percent of sponsors surveyed by Greenwald & Associates said a new definition of fiduciary would make them at least somewhat likely to eliminate current retirement plans.