Ep. 5: How Target Date Funds and Behavioral Economics Shaped Retirement Plans
The future of defined contribution retirement savings will be marked by two key concepts: putting individual investors first and constantly innovating.
PGIM does not establish or operate pension plans.
While saving for retirement has been simplified and streamlined in recent decades, with tools like auto-enrollment and target date funds, the retirement savings ecosystem is anything but simple. It’s a complex confluence of innovators, service providers, employers, workers, consultants, lawyers, and, yes, government officials.
Regulators play a huge role in our industry, so understanding who they are and how they work is an important factor in the outcomes for plan sponsors and plan participants. In this episode we speak with two former Department of Labor EBSA directors, Brad Campbell and Phyllis Borzi, about the challenges and opportunities in regulating the employee benefits space, including the enactment of the landmark Pension Protection Act of 2006.
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Filter through all The Accidental Plan Sponsor® podcast episodes which explore the history, evolution and future of employer-based retirement plans.
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