An alternative take on DC

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The US$5.2bn YMCA Retirement Fund is one of the oldest defined contribution pension funds in the world. Under its chief investment officer, Victor Raskin, the fund has embraced alternatives as it seeks ways to increase payments to its members. Alex Beveridge meets him in New York

Alex Beveridge: How is the YMCA Retirement Fund structured? Victor Raskin: It is all defined contribution but it is run like a defined benefit scheme. Participants have no choice, staff and inv...

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