In this paper, Morningstar researchers examine the real, historical allocations to and performance of private equity in a selection of pension plans and how this data demonstrates the complexity of using PE in DC plans.

In a world where most individuals do not have the comfort of a defined-benefit plan, many may benefit from some form of guaranteed income to supplement Social Security.

Recently, a bipartisan bill introduced by Congressmembers Jimmy Panetta, Ron Estes, Brendan Boyle, Darin LaHood, Madeleine Dean, and Andy Barr in the House would allow 403(b) plans to invest in collective investment trusts.

In recent years, investors have increasingly purchased mutual funds through new share classes that jettison two traditional sources of potential conflicts of interest: explicit fees for distribution and front-end loads that are shared back with brokers.

The rise of passive investing and growing awareness of the financial materiality of environmental, social, and governance considerations make the role of asset managers in corporate governance more important than ever before.

Conflicts of interest can arise when financial advisors and brokers have a financial incentive to recommend certain products to investors. Identifying the effects and quantifying the costs of conflicted advice is a challenge for researchers and regulators alike.

The board versus shareholder debate has long been about whether more director or shareholder control would maximize firm value.