The inability to see holdings in real time has put undue pressure on compliance personnel who supervise target-date funds, said Tom Warren, president of UAT. The Unified Compliance and Control System from UAT provides the necessary real-time transparency to deal with this supervisory shortcoming in a cost-efficient manner.
Warren noted that because of scrutiny by Congress, the
The kind of enhanced oversight the system affords will go a long way toward protecting target-date funds from undesirable asset allocation drift. Its like a GPS for target-date funds: know where you are, know where you need to go.