Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.
More than half have experienced one or more negative impacts to their employment.
Virtual meetings and more personalized financial wellness programs are expected to continue.
The firm is also offering a 90-day trial period of its managed account solution to retirement plan participants.
Prudential survey finds employees were looking for financial advice and emergency assistance.
Advisers who have actively reached out to clients say they have been able to maintain them.
It should then come as no surprise that 38% are less confident they will have enough money to live comfortably in retirement, TIAA found.
The failure to pass a second fiscal stimulus package is causing volatility, experts said, adding to the normal pre-election jitters.
Flexible schedules are expected to continue post-pandemic, resulting in better access to coaching for more retirement plan participants.
A calm, measured approach will help retirement plan participants make the right decisions.
Like so many other industries, the financial planning community is being adversely impacted by the pandemic, Nationwide reported in a survey.
The U.S. presidential election is just one more source of potential stock market volatility, experts agree.
In releasing its 2020 Global Retirement Index, the investment manager outlines obstacles to retirement savings but says expanding coverage to more people and pairing that with automatic features can mitigate the challenges.
A mere 17% of women say they are very confident they will be able to retire comfortably, according to the Transamerica Center for Retirement Studies.
Financial wellness has taken on a new relevance in the midst of the COVID-19 pandemic. Experts share tips on how advisers can figure out how to offer access to best-in-breed programs to enrich overall benefits programs and participant outcomes.