Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal … regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension … investment decisions to fund managers selected by plan sponsors. Including these funds in retirement saving menus raised equity …

reduce retirement wealth by one-fifth, in fact, more than what a naive allocation strategy would yield. We outline …

Individual responsibility for portfolio construction is a central theme for defined contribution pensions, yet the rise … malleable preferences among retirement investors and a demand for default-based guidance or simplified advice for households …

Individual responsibility for portfolio construction is a central theme for defined contribution pensions, yet the rise … malleable preferences among retirement investors and a demand for default-based guidance or simplified advice for households …

Individual responsibility for portfolio construction is a central theme for defined contribution pensions, yet the rise … malleable preferences among retirement investors and ad emand for default-based guidance or simplified advice for households …