Employers are taking more of a responsibility in the defined-contribution plans offered to their workers, a report issued Tuesday by Vanguard found. The survey, "Global Trends in DB and DC Plans," found modern DC plans are adopting some elements of defined-benefit pension plans to help participants prepare for a more secure retirement.

"The modern DC plan reflects innovation that is driving an evolution in the traditional DC plan structure to provide many of the best elements of both a DB plan and a DC plan. As a result, we expect better retirement outcomes for participants," Steve Utkus, head of Vanguard's Center for Retirement Research, said in a statement.

The survey was conducted in July and August 2014 among 90 multinational companies. Respondents administered plans in at least three countries.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kicker
News