Dynamic investment policies and other automatic steering concepts
Dynamic investment policy or age-related allocation of investment returns is on the rise in pensions in the Netherlands (a foreign example is Dimensional, Merton). Partly in the context of the pension agreement, a great deal of attention has been paid to this recently (see paper DNB 2019, Netspar 2019). In theory, a dynamic investment policy provides added value. We want to take it a step further, and see how this can be put into practice. Which practical and administrative issues do you encounter? Are there (scientific) solutions to be found for possible bottlenecks?