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Well-known firms have recently experienced problems with
their transition management services —some aberrations and some systemic and
extremely serious. This survey indicates that all had an impact on how plan
sponsors, even those that do not use transition managers, view the industry.
Of the 119 U.S. plan sponsors that responded to the survey,
none reported having complete trust in the industry as a whole, but roughly
half admitted more transitions than the year before.
Though numerous changes to the survey structure complicate
comparisons to the results of previous years, the table above breaks down transitions
conducted in 2011, offering a snapshot of the transition management industry as
it stands today.
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Responses from 119 U.S. plan sponsors were accepted for the
survey, over a period of three weeks ending May 22. PLANSPONSOR and aiCIO would
like to extend a special thank you to all those who submitted responses for the
survey, as well as those transition managers, plan sponsors and consultants who
helped the editorial and survey teams construct the survey. For more
information, contact Quinn Keeler at 203-595-3270 or
TRANSITION MANAGEMENT SURVEY
While there are not as many providers of portfolio transition management services as there are, say, defined contribution providers, this is an extremely competitive field and the stakes are high. The survey serves two purposes: first, to take the pulse of pensions and other institutional investors which use transition management; and second, to highlight all the providers in the field.