A summary of our updated glide path research and impact on our target date funds

Over the last decade, driven by the need to accommodate the wave of baby boomers retiring, the research behind retirement spending has materially advanced. Integrating this information along with retiree preferences into glide path design is important in supporting U.S. retirees. As we reflect on the glide path being a solution for clients with varied circumstances and preferences, and juxtaposing this with current studies on spending needs, retirement readiness, product adoption and longevity studies, we feel that shifting to a higher equity allocation in retirement is prudent.

In this paper, we provide a summary of the changes to our target date funds along with the rationale based on our latest glide path research.


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