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Cost shifting and the freezing of corporate pension plans

This paper, which examines the impact of the trend in the US of corporate funds freezing their defined benefit funds and offering defined contribution plans, shows that net of the increase in total DC contributions, firms save 2.7-3.6 per cent of payroll per year, and over a 10-year horizon they save 3.1 per cent of […]
Research

Investor pitfalls in setting up a satellite office

As part of the broader trend to become professional organisations, pension funds and soverieng wealth funds are expanding geographically with the establishment of satellite offices. This expansion raises concerns of governance, culture, politics and talent. This paper looks at the case studies from 12 funds that have launched or considering launching satellite offices and offers […]
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