PGIM: Plan sponsors look to OCIO managers for institutional investment expertise
New research from PGIM sheds light on the use of outsourced chief investment officers (OCIOs) by defined contribution (DC) plan sponsors.
In an interview with Ausbiz, Josh Cohen, head of institutional defined contribution at PGIM, discusses solving for retirement income in the U.S. and Australia. During the conversation, Cohen highlights that while emphasis has historically been placed on investing and the accumulation of assets for retirement, we should also spend time considering decumulation, and focusing on creating more customized approaches that solve for lifetime income by thinking about spending in terms of “needs” and “wants.”
PGIM does not establish or operate pension plans.