Bruce Feibel, Managing Director, BNY Mellon Asset Servicing, talks about the impact of new revisions to Global Investment Performance Standards.
Innovative Alternatives for
Defined Contribution Plans
Few commentators now dispute that the future of pension provision in most developed countries will be based on the defined contribution, or DC, model rather than traditional defined benefit, or DB, plans. Given this significant shift to a scenario in which DC participants must bear the risk that their retirement income will not be at the desired level, we believe it's right to ask whether DC investment approaches are appropriate.
BNY Mellon Asset Management International and the Cass Business School in London teamed up to investigate the new realities for defined contribution plans.