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Switch to DC driving US transition mgmt
22 August 2011
The death of US defined benefit plans is driving the need for transition management, reports Annabelle Palmer
Read more:
Transition management
defined benefit
defined contribution
JPMorgan
State Street
The increasing trend for US firms to close down their defined benefit (DB) pension plans and switch to defined contribution (DC) alternatives is providing major growth opportunities for transition managers, according to senior players in the sector. The shift from DB schemes (where the investment risk is borne by the employer) to DC schemes (where the investment risk is borne by the employee) has been dramatic in the US. According to research by US think-tank the Employee Benefit...
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