Data & Research May 23, 2016

Retirees Share Regrets and Advice

More than one-third (35%) say they should have saved more, and 29% say they should have paid more attention to preparing for retirement when they were younger.
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Among retired U.S. adults, when asked to complete the sentence, “When I look back on what I might have done differently with my retirement savings, I should have..,” nearly two in five (39%) say they should have started saving earlier in their working life, according to a survey commissioned by Pentegra Retirement Services.

More than one-third (35%) say they should have saved more, and 29% say they should have paid more attention to preparing for retirement when they were younger.

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Retired individuals also place importance on investing, with 13% saying they should have done each of the following: invested more aggressively, taken the time to learn more about investing, and continued working longer.

In addition, 12% say they should have delayed taking their Social Security benefits, and 10% say they should have worked for a company that offered a pension.

Among retired U.S. adults, 94% have advice about retirement to offer those younger than them, particularly stressing the importance of saving. Roughly three in five recommend those younger than them start saving earlier in their career (63%) or save more throughout their career (57%). About half (51%) say to always contribute enough to qualify for employer matching contributions, and 45% say find small ways to save more.

Just over one-quarter (26%) say to delay taking Social Security benefits for as long as possible and roughly one in five say to work with a professional financial planner (22%) or to continue working as long as possible (19%).

One in ten say to invest more aggressively (11%) or consider purchasing an annuity with some of their retirement assets to ensure you don’t run out of savings (10%). Other advice retired adults would offer to younger workers include various activities such as relocating to a less expensive area upon retirement (8%) or to take a part-time job to supplement retirement income (5%).

Among those who are retired, 79% say Social Security is a meaningful source of income for them, 59% say a pension is, and 24% report they get income from a 401(k).

More data from the 2016 Retirement Readiness Survey is here.

Products May 23, 2016

Asset International Adds Two Market Intelligence Firms

The acquisition of Market Metrics and Matrix Solutions from FactSet will broaden AI’s portfolio of proprietary data and business intelligence capabilities for advisers and asset managers.
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Asset International (AI), publisher of PLANADVISER and PLANSPONSOR and provider of data-driven business intelligence for the asset management industry, today announced plans to acquire Market Metrics and Matrix Solutions from FactSet.

AI describes Market Metrics and Matrix Solutions as “leading data and research firms for adviser-sold investments and insurance worldwide,” pointing out that the acquisition expands Asset International’s deep proprietary asset management and insurance industry data sets. The acquisition also provides Asset International with “a unique delivery model from C-level face-to-face meetings to the industry leading Financial Clarity analytics platform.”

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Through the acquisition and its existing business lines, Asset International aims to provide a one-stop shop for data and insights supporting product innovation, manufacturing, sales and distribution for the asset management and insurance communities—while also providing market surveillance solutions and marketing channels for this community.

Market Metrics was founded in 1993 and is headquartered in Boston. Matrix Solutions was founded in 1985 and is headquartered in London. AI says both companies have a “heritage of providing strategic consulting and mission-critical data sets for mutual funds, variable annuities, mortgages and life insurance.” The acquisition is expected to close within 45 days.

Commenting on the acquisition, Asset International CEO Joel Mandelbaum said the firm will continue its push to “realize our ambition of creating the go-to supplier for the asset management community. The combination of Asset International with Market Metrics and Matrix Solutions represents an excellent fit for our clients and employees, and we are delighted to be joining forces.”

Owned by Genstar Capital, Asset International provides proprietary data, business intelligence, information services and marketing solutions to the global investment management industry. AI‘s portfolio includes investment flow data, research, analytics, editorial and events for the global asset management community, asset owners and custodians, plus TCA for 500 million trades per month.

More information on AI is available here. 

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