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Editor's Note

The fourth quarter issue of Stable Times speaks for itself. It highlights much of the Association's work during 2000 on issues such as asset allocation models, investment advice, managing stable value cash flows, and performance measurement.

Like the 2000 Forum, this issue of Stable Times, brings together the leading authorities on retirement savings and investment to address how we make defined contribution plans work effectively to provide retirement income to an aging population that is asked to take on more individual responsibility for its own retirement welfare in a dynamic market environment.

It is not simple any more. Charley Ellis warns that a repeat of the bull market we've enjoyed for 25 years is highly unlikely. Hueler Companies points out that plan participants will soon receive their first year-end statements in ten years with equities posting a negative return. What does this mean?

In the words of Charley Ellis, "In one country after another, defined contribution investing is on the agenda. Affluence is rising around the world, and more and more people want to make their own investment decisions. There is a wonderful opportunity for stable value to be very useful."

Read Next: The Great Debate: Do Advice Providers "Get" Stable Value?