Retirement & Pension Management
Entities in this industry include funds, plans, and other programs that provide retirement income benefits for an organization's employees or members. Major retirement plans include the US-based Federal Retirement Thrift Savings Plan (TSP), the California Public Employees' Retirement System (CalPERS), the California State Teachers' Retirement System (CalSTRS), and the New York State Common Retirement Fund (CRF). Outside the US, major funds include the Ontario Teachers' Pension Plan (OTPP), the Netherlands's Stichting Pensioenfonds, Singapore's Central Provident Fund, and South Africa's Government Employees Pension Fund (GEPF).
Countries with the largest pension funds include the US, the Netherlands, and South Africa, according to the Organisation for Economic Co-operation and Development (OECD). Because they can control extremely large amounts of capital, pension funds may represent the largest institutional investors in many nations.
About 26,000 US private-sector pension plans are insured by the federal Pension Benefit Guaranty Corporation. US retirement assets total $28.3 trillion, according to Investment Company Institute.
Demand is affected by the global economic conditions and demographic trends. The profitability of individual companies depends on investment expertise. Large companies have economies of scale in operations. Small companies can compete effectively by specializing in desirable sectors and by producing higher investment returns.
Mutual fund management companies may also handle management of retirement funds through benefits outsourcing and retirement planning services, and may be considered competitors.
Products, Operations & Technology
Major retirement products include defined benefit (DB) plans and defined contribution (DC) plans. In a DB plan, an employer guarantees an employee will
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms