With so much effort and energy spent on the savings part of retirement, the planning involved in redistributing those savings has been left in the dark.
Despite massive growth in the TDF space, expect more innovation from providers outside of the traditional big three - and a growth in the use of alternative investments.
The debut of 408(b)(2) regs has produced some cost compression, but six months later, experts say their biggest fear is a future wave of class-action lawsuits.
A new asset-class-focused approach is also beginning to be adopted, with a better fixed income and equity balance. Ultimately, more plans will also move even further into risk diversification mode.
Expect some action on the part of the federal government, including a proposal for automatic IRAs for many workers, as retirement reform dovetails with tax reform.