Pointers towards a better pensions landscape
Unstructured Learning Time
As pension arrangements around the world increasingly shift the onus for making provision in retirement to individuals, the savings industry faces a set of unfamiliar issues. Whereas the management of defi ned benefi ts arrangements is fundamentally an investment challenge, the challenge in defi ned contribution (DC) is much more about emotion and psychology. In DC, sound investment principles are very likely to come into confl ict with the messy real-world human biases and preferences that characterize individual savers.