PLANADVISER -May/June 2022 - 34
modern investment menu / fixed income
Design and Stability
Evaluating the investment menu in inflationary times
W
ith inflation likely continuing for the foreseeable
future, fixed-income managers face new challenges
to deliver yield without taking on excess risk, and
equity managers are bracing for continued volatility. Rising
interest rates add another variable, the Fed upping them by
half a point in early May, the largest hike in two decades.
" This is an important opportunity for advisers to be
engaging with plan sponsor clients to do these due diligence
reviews and help them with their fiduciary responsibilities, "
says Catherine Collinson, CEO and president of the Transamerica
Institute and president of the Transamerica Center for
Retirement Studies. " In some cases, changes may be needed;
in others, the plan's investments might be fine as they are. "
To facilitate these conversations, experts note, plan
advisers might come to committee meetings prepared with
a formal agenda and materials that include economic forecasts
from their firm, as well as basic analytics and benchmarks
associated with the funds in the plan, Collinson says.
Annual inflation rates were 3% or lower from 2008
through 2021, and annual stock returns were in the double
digits for most of that time as well.
" We've been talking about market volatility, but inflation
is new for both advisers and clients, " says Allie Rivera, vice
president, OneDigital Retirement Services in Atlanta. " Many
of us are experiencing inflation unlike we've ever seen in
our career. "
'More Scrutiny Needed'
When the market is strong, advisers have few issues to
address. " It's very easy to walk into a committee meeting and
talk about how the market is up 30% again this year, " Rivera
says. But investment needs more scrutiny in a challenging
economic climate. Arguably, it should have been there in
the first place, she says, but if you could squeak by without it
34 | planadviser.com May-June 2022 Art by Jeffrey Kam
http://www.planadviser.com
PLANADVISER -May/June 2022
Table of Contents for the Digital Edition of PLANADVISER -May/June 2022
PLANADVISER Industry Leaders Awards
Paving the Way
2022 DCIO Survey
Fool's Gold for 401(k)s?
Design and Stability
A Collective Effort
Cryptocurrency In DC Plans
Real Estate Fund Investments
PLANADVISER -May/June 2022 - Cover1
PLANADVISER -May/June 2022 - Cover2
PLANADVISER -May/June 2022 - 1
PLANADVISER -May/June 2022 - 2
PLANADVISER -May/June 2022 - 3
PLANADVISER -May/June 2022 - 4
PLANADVISER -May/June 2022 - 5
PLANADVISER -May/June 2022 - 6
PLANADVISER -May/June 2022 - 7
PLANADVISER -May/June 2022 - 8
PLANADVISER -May/June 2022 - 9
PLANADVISER -May/June 2022 - PLANADVISER Industry Leaders Awards
PLANADVISER -May/June 2022 - 11
PLANADVISER -May/June 2022 - 12
PLANADVISER -May/June 2022 - 13
PLANADVISER -May/June 2022 - 14
PLANADVISER -May/June 2022 - 15
PLANADVISER -May/June 2022 - 16
PLANADVISER -May/June 2022 - 17
PLANADVISER -May/June 2022 - 18
PLANADVISER -May/June 2022 - 19
PLANADVISER -May/June 2022 - Paving the Way
PLANADVISER -May/June 2022 - 21
PLANADVISER -May/June 2022 - 22
PLANADVISER -May/June 2022 - 23
PLANADVISER -May/June 2022 - 2022 DCIO Survey
PLANADVISER -May/June 2022 - 25
PLANADVISER -May/June 2022 - 26
PLANADVISER -May/June 2022 - 27
PLANADVISER -May/June 2022 - 28
PLANADVISER -May/June 2022 - 29
PLANADVISER -May/June 2022 - Fool's Gold for 401(k)s?
PLANADVISER -May/June 2022 - 31
PLANADVISER -May/June 2022 - 32
PLANADVISER -May/June 2022 - 33
PLANADVISER -May/June 2022 - Design and Stability
PLANADVISER -May/June 2022 - 35
PLANADVISER -May/June 2022 - A Collective Effort
PLANADVISER -May/June 2022 - 37
PLANADVISER -May/June 2022 - 38
PLANADVISER -May/June 2022 - Cryptocurrency In DC Plans
PLANADVISER -May/June 2022 - Real Estate Fund Investments
PLANADVISER -May/June 2022 - Cover3
PLANADVISER -May/June 2022 - Cover4
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