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Home  > Business/Finance  >  Financial Services  >  Financial Management

Big Bang Regulation for DC Plans: What the Pension Protection Act Means for Asset Management CTOs


Published Date: February 2007
Published By: TowerGroup
Page Count: 8
Order Code: R301-1252
 
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Assets in defined contribution (DC) retirement savings plans in the United States have grown dramatically due to enabling regulation. A surge of growth is likely to result from the Pension Protection Act of 2006, designed to remedy the underfunding of many defined benefit plans and to revamp defined contribution plans. This TowerGroup Research Note discusses the impact of the new law on DC plan sponsors and recommends preparations that chief technology officers at asset management firms should make. Although this regulation affects only US firms, forward-thinking CTOs anywhere in the world cannot ignore the global shift from pensions to employee-directed retirement savings plans.

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