As a result, among employers that do offer a pension, it’s common to offer “ lump sum distributions .” With a lump sum distribution, the employee receives a single payout at retirement instead of monthly payments for life. This can turn an indefinite series of payments into one, scheduled expense, which is much more manageable for the employer.For this same reason, however, pensions have become unpopular among employers. The same reliability that makes pensions valuable for retirees creates high and indefin ...

Core Insights - Blue Owl Capital Inc. has appointed Greg Porteous as Managing Director and Head of Defined Contribution Retirement Solutions to enhance access to private markets and alternative investments in DC retirement plans across the US [1][3] Company Developments - Porteous previously worked at State Street Investment Management, where he led teams in developing key DC relationships and partnerships [2] - His experience includes senior roles at BlackRock and UBS, indicating a strong background in the investment management industry [2] Market Context - The appointment of Porteous aligns with a growing demand in the defined contribution market for access to private markets and differentiated sources of return [3] - Blue Owl is committed to integrating alternatives like private credit and real assets into DC plans through collective investment trusts (CITs) [3] Strategic Partnerships - Blue Owl has partnered with Voya Financial to create private market investment products tailored for DC retirement plans, focusing on launching CITs that provide access to Blue Owl's strategies [4] - The collaboration aims to deliver outcome-oriented solutions to help participants build resilient portfolios and achieve retirement goals [4]