Roughly half of all U.S. households that control more than a third of U.S. financial assets are attracted to lifetime-guaranteed income—even if returns are low.
A true understanding of longevity risk is the needed catalyst for U.S. corporate pension plans to more actively adopt de-risking strategies, according to Prudential.
Although the majority of defined contribution (DC) plan participants say a DC plan is their primary retirement savings account, they are not putting enough in.
Embedding in-plan guaranteed retirement income options in defined contribution (DC) plans is a key solution to improve DC plan participants’ overall retirement preparedness, a white paper asserts.
The Department of Labor (DOL) disclosure requirements have pulled back the curtain on fees paid to service providers by retirement plans, a white paper contends.
Researchers in Morningstar’s Investment Management division released a paper that explores the true risk of guaranteed investment products and how they should be modeled.
A higher selection rate of target-date funds makes Gen Y 401(k) participants (those born between 1979 and 1991) the most properly allocated, Fidelity found.
Women’s need to address their health care risks and costs presents an opportunity for advisers, since few advisers address these critical questions, Nationwide Financial said.
Income disparities have translated into a 25% to 30% retirement savings shortfall for women compared with their male cohorts, according to a research report.
Most advisers (95%) believe their investment strategies will help clients meet retirement income needs, despite the challenges of managing volatility and generating sufficient income for current retirees.
Only 1% of defined contribution (DC) plan participants stopped contributing to their plans, and 1.2% took withdrawals in the first quarter, a report found.