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Bringing you news, views and analysis since 2013
SEI The CIT Opportunity II

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The CIT Opportunity: The Critical Role of the Trustee

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According to the Investment Company Institute (ICI), employer-sponsored retirement plans held assets totalling USD27.1 trillion at the end of 2018, up 12.9 per cent from year-end 2015. Of that, employer-sponsored defined contribution (DC) plans accounted for USD7.5 trillion, of which collective investment trusts (CITs) are estimated to account for 25 per cent by the end of 2020, up from 14 per cent in 2013.

According to the Investment Company Institute (ICI), employer-sponsored retirement plans held assets totalling USD27.1 trillion at the end of 2018, up 12.9 per cent from year-end 2015. Of that, employer-sponsored defined contribution (DC) plans accounted for USD7.5 trillion, of which collective investment trusts (CITs) are estimated to account for 25 per cent by the end of 2020, up from 14 per cent in 2013.

To capitalise on the popularity of CITs and the accompanying growth in industrywide assets, investment managers must ensure that they fully understand the nuances inherent in the CIT product structure, including the array of services that different trustees provide. Not commonly understood, the role of the CIT trustee is critical and is executed heterogeneously by different trustees.

As a follow-up to our 2017-18 series for investment managers participating in the U.S. retirement marketplace, SEI, in collaboration with the Retirement Leadership Forum (RLF), is releasing a new series of briefs. Each brief will provide a deeper look into how the industry’s top firms are using CITs to gain success in the DC market. 

The second brief in our four-part series will explore how leading trustees are evolving into true product development partners who can play a more significant role in CIT offerings. We will discuss: 

• The current trustee landscape for CITs

• What makes a good trustee: the view from asset managers

• New trends toward flexibility and innovation in trustee partnerships 
• The opportunity to work with a leading trustee 

Download the paper here…

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