A Voya survey also found that 54% of employed Americans plan to work in retirement as a result of COVID-19.
Tag: Financial Wellness
Employers can match up to 100% of employees’ contributions.
Heading into the coronavirus pandemic, employers were innovating and expanding their ancillary benefits for employees.
Called WellCents, it is designed for employers of all sizes.
By one estimate, allowing people to work longer could boost GDP by 19%.
It covers a wide range of topics, from budgeting to preparing for retirement.
Many people don’t know as much as they should about retirement and investments. There is no time like the present to learn.
The theory behind the new solution is that, as participants navigate life events and the inevitability of changing financial priorities, they need individualized and relevant support.
It took a catastrophic global event to demonstrate how ill-prepared many Americans are for even a brief interruption of income—including many people high up on the income scale.
Ninety-two percent of sponsors work with advisers, but only 70% are ‘very satisfied’ with their relationships.
More than one-quarter are extremely or very concerned, according to Fidelity.
With the acquisition of AdvisorEngine, Franklin Templeton expects to enable its independent adviser partners to efficiently deliver goals-based financial planning at scale—including in the retirement plan context.
The companies are offering a support program to investors affected by the COVID-19 pandemic for free for nine months.