Would an “auto-annuitize” feature in a TDF benefit participants? Vanguard’s John Croke explains why this would require plan sponsors to base the annuity decision on limited participant information and suggests other changes plan sponsors could make within today’s regulatory environment.
John Croke, CFA, is head of Multi-Asset Product Management. He is responsible for overall product strategy for the firm’s multi-asset class funds, including the Vanguard Target Retirement Funds and Trusts. He partners with Vanguard Investment Strategy Group on the asset allocation for the firm’s global multi-asset class products.
Before joining Vanguard, Mr. Croke was director of investments at Pfizer Inc. He earned a B.S. in economics from Vanderbilt University and an M.B.A. from New York University’s Stern School of Business. Mr. Croke holds FINRA Series 6 and 63 licenses, is a CFA® charterholder, and is a member of the CFA Institute and the New York Society of Security Analysts.