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The OCIO industry is projected to grow to $4.2 trillion by 2028, driven primarily by endowments and foundations, which are expected to see 11.3% annual growth in assets managed by OCIO providers. Nonprofits are increasingly outsourcing investment management due to the complexity of alternative investments and the high costs of in-house CIOs. Additionally, consolidation within the industry and decreasing advisory fees are making outsourcing more appealing, fostering a "safety in numbers" mentality among nonprofits.
The global corporate pension plan market is undergoing significant changes due to evolving consumer demands and the impact of the COVID-19 pandemic. Key insights reveal shifts in investment regions, the effects of import/export policies, and emerging sustainability trends that are reshaping logistics and supply chain dynamics. Companies must adapt their strategies to navigate these challenges and capitalize on growth opportunities in various markets.
Key changes to 401(k) plans are set for 2025, including an increase in employee deferral limits to $23,500 and a new catch-up contribution limit of $11,250 for workers aged 60 to 63. Additionally, part-time workers will gain easier access to retirement plans, and most new plans will require automatic enrollment with a minimum 3% deferral rate. These updates aim to enhance retirement savings for American workers, particularly those who have struggled to save.
Rising everyday costs are viewed as the top threat to retirement savings by over 40% of Americans, followed by concerns about outliving their money and healthcare expenses. Many retirees have insufficient savings, with 36% holding less than $50,000. To prepare, individuals should maximize employer retirement contributions and consider delaying Social Security benefits for increased payouts.
Asset managers face increased regulatory scrutiny from the FDIC, which proposes amendments to the Change in Bank Control Act, requiring prior notification for bank stock acquisitions. Critics argue this could hinder investment strategies and small banks" access to capital, while the incoming administration may lead to the proposal"s demise. Concerns about overlapping regulatory authority and compliance burdens have prompted industry pushback, emphasizing the need for clarity and coordination among regulators.
Donald Trump’s plan to deport undocumented workers has raised concerns among US business leaders, who warn it could lead to significant labor shortages and increased prices. Meanwhile, Israel has reported targeting a specific component of Iran’s nuclear program, and Vanguard allows retail shareholders to prioritize profits over ESG issues. Additionally, Chinese tech companies are establishing AI teams in Silicon Valley despite ongoing sanctions from Washington.
Nokia has outsourced its U.S. defined benefit pension management to Mercer Investments, shedding its in-house team amid rising costs and low profitability in corporate pensions. This move aligns with a broader trend of companies offloading pension responsibilities to external firms, allowing them to focus on core operations while OCIOs like Mercer benefit from increased assets under management.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
endowments and foundations drive growth in the ocio industry to 4.2 trillion
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