Northern Trust Names Senior Investment Consultant

 

Northern Trust appointed Christopher A. Benson in its Denver office as a senior investment consultant.  

 

 

Before relocating to Denver this year, Benson served as a senior investment consultant and portfolio manager for five years in Northern Trust’s Boca Raton, Florida, office. Previously he was at Wachovia Wealth Management, and managed investment portfolios for institutional and high-net-worth individuals and served on several investment policy committees at First National Bank and Trust. Benson began his career as an investment research analyst and portfolio risk manager. 

Benson holds a bachelor’s degree in finance from Florida Atlantic University. He was a member of the CFA Institute, the CFA Society of South Florida, the Financial Planning Association and Leadership Boca.

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Younger Workers Are Most Attracted to Guaranteed Income Option

Many American workers find it appealing to have a guaranteed income in retirement—the younger the employee, the greater the attraction.

Three out of five Americans (64%) say their employer’s 401(k) or other retirement plan does not allow them to turn their savings into guaranteed income in retirement or they are unsure if it does, The Hartford’s Guaranteed Retirement Income study found. Overall, 87% of respondents of all ages say they find it “very” or “somewhat” appealing to be able to turn at least a portion of their retirement savings into a guaranteed income.   

Ninety-five percent of workers younger than 30 say the same, as did 90% of respondents ages 30 to 39, 89% of those ages 40 to 49, 88% of those ages 50 to 59, and 77% of respondents age 60 and older.  

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The Hartford’s study found some differences related to gender and income. Women (89%) have a greater preference for guaranteed retirement income than men (84%).  

The concept of guaranteed retirement income appeals most to those with a combined annual household income of $50,000 to $74,000. A total of 92% in that demographic would like their employer to offer a guaranteed income option compared with 87% of those earning $30,000 to $49,000, 86% earning less than $30,000, and 84% earning $75,000 or more.  

The Hartford’s study surveyed 2,500 Americans ages 18 and older.

 

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