Dealing With the Reluctant Investor: Innovation and Governance in DC Pension Investment

Byrne, Alistair; Harrison, Debbie; Blake, David P.

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Dealing With the Reluctant Investor: Innovation and Governance in DC Pension Investment

Pensions Institute, 2007

58 Pages Posted: 19 Jun 2020

See all articles by Alistair Byrne

Alistair Byrne

University of Edinburgh - Business School

David P. Blake

City, University of London

There are 2 versions of this paper

Date Written: 2007

Abstract

Dealing with the reluctant investor examines the governance of defined contribution (DC) schemes with reference to investment choice and, in particular, the design of the default fund. We explain where and why the current system fails to support DC scheme members and what steps can be taken to address the problems. We examine the positive and negative features of current default models and draw attention to important innovations that have energized the DC investment world.

JEL Classification: G22

Suggested Citation: Suggested Citation

Byrne, Alistair and Harrison, Debbie and Blake, David P., Dealing With the Reluctant Investor: Innovation and Governance in DC Pension Investment (2007). Pensions Institute, 2007, Available at SSRN: https://ssrn.com/abstract=3610663