How do pension fund managers really make asset allocation decisions?

Article Abstract:

Empirical evidence suggests that large pension fund managers are not making asset allocation decisions that are consistent with existing theory and instead rely on heterogeneous decision making processes. These findings, from a survey of the largest public, private and union funds, may explain the gap between theoretically optimal and observed asset allocations for pension fund managers. In other words, there is no general procedure for making asset allocation decisions for investment portfolios whether between-asset or within-asset class.

Portfolio Management, Investment advice, Investment Advisory Services, Asset & Risk Management, Pension Fund Management, Management, Surveys, Investment advisers, Financial management, Institutional investments

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Investment Choice in Defined Contribution Plans: The Effects of Retirement Education on Asset Allocation

Article Abstract:

Until recent times, policy makers and sponsors of pension plans alike have become worried as to whether participants possess the financial knowlege to select how to invest their pension assets. The article supplies evidence regarding the effect of retirement classes on asset allocation in self-directed defined contribution plans.

Other General Government Support, Retirements (Honors), Education, Pensions, Investors, Retirement, Defined contribution plans

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Household stock investing: inside versus outside the retirement plan

Article Abstract:

Issues surrounding US households' investments in stock both within and outside of pension plans are examined. The availability of defined contribution pension plans seems to influence outside stock investment.

Evaluation, Investments, Statistics, Households

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