Almost half (40 percent) of employers expect to devote more time addressing retirement plan governance issues over the next two years, according to a recent Towers Watson survey.
Among those respondents that expect to spend more time on plan governance, a vast majority (86 percent) cited regulatory complexity as a major reason, while two-thirds (67 percent) plan do to so as part of a greater emphasis on corporate governance.
The process of managing and governing retirement plans has become increasingly difficult and time-consuming, according to experts at the risk and financial management firm.
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