Stephen P. Utkus: Principal, Vanguard Center for Retirement Research

Stephen P. Utkus is the director of the Vanguard Center for Retirement Research. The Center conducts and sponsors research on retirement savings and retirement benefits in the US. Its work is designed to assist employers, consultants, policymakers and the media in understanding developments in the U.S. retirement system. The Center conducts its own research on individual savings and investment behavior, and collaborates with leading academic and industry researchers on topics of mutual interest.

Mr. Utkus's current research interests include: attitudes and expectations regarding retirement, financial markets and employer-sponsored retirement plans; the psychological and behavioral aspects of participant decision-making; trading and investment behavior among retirement plan participants; fiduciary issues arising from retirement programs; and global trends in public and private pension plans.

Mr. Utkus is a member of the advisory board of the Wharton Pension Research Council, and is currently a Visiting Scholar at The Wharton School. He received an undergraduate degree in computer science from MIT and an M.B.A. in finance from The Wharton School.