The shift from defined benefit to defined contribution plans left individuals responsible for their own retirement savings with serious consequences for retirement security. Risks that were formerly managed by sophisticated actuaries and professional portfolio managers — and borne by employers — have been transferred to individuals. It’s fair to say that individuals, rather than plan sponsors, now bear all the risks. Compounding the problem, individuals too often are directed to high-cost retail investment products rather than low-cost institutional products available …
Tag: Anthemis
Anthemis Group, founded in 2010 and headquartered in London, is “focused on re-inventing financial services for the 21st century.” It’s an important firm within the FinTech ecosystem, but a little hard to categorize. Anthemis advises large …