NEPC’s CEO, Mike Manning, was recently quoted in a Pensions & Investments article to provide insights on the consolidation of DC plans and plan sponsors. View the full article on Pensions & Investments’ site here.
Consolidation of record keepers and other vendors to defined contribution retirement plans is a positive trend that leads to better services for participants, according to four speakers at Pensions & Investments’ Defined Contribution East conference March 10.
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Mike Manning, managing partner at NEPC, and Bob Oros, chairman and CEO of wealth management firm Hightower Advisors, agreed, saying consolidation leads to a better customer experience, lower fees and better participant outcomes.
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NEPC’s Manning said the trick is understanding how plan sponsors want to work with record keepers, advisers and other providers.
“It’s all about how that we can work with the data in such a way that it makes it easy for advisers to serve their customers,” Manning said.
Manning also urged plan sponsors to “put pressure on their record keepers to work with all the other folks in the ecosystem.”
Click here to read the full article on the Pensions & Investment site.