Anne Ackerley, head of BlackRock’s defined contribution business, sat down last week with PLANADVISER to offer a sneak peek at the DCIO provider’s latest DC Pulse Survey; the data shows increased confidence among plan participants, while sponsors have emerging decumulation concerns.
Among those who said they would like to save more, 56% said retirement was a top reason; however, LIMRA found that debt is a major obstacle preventing many people from saving as much as they would like.
Fifty-three percent say that working with an adviser could help them meet their goals.
Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey
However, this is not always the case for lower-income workers.
The redesigned plan participant portal is based on insights gained from working with more than 5 million workers across the U.S., according to the firm.
While they are less trusting of their advisers and providers, clients who identify as “online enthusiasts” have increased the amount of market risk they are taking.
The platform highlights the importance of integrating both physical health and financial wellness in a worker's lifestyle.
This is up from 62% in 2005, Fidelity Investments says.
Only 31% of Americans are confident they will have saved enough by the time they retire.
Voya Investment Management has become the latest signatory of the Principles for Responsible Investment pledge, stepping right into a hot debate about the role of environmental and societal considerations in retirement plan investing.
However, an analysis among people in nine nations found U.S. LGBT workers rank the highest on the Aegon Retirement Readiness Index.
Strong stock market gains and a decrease in unemployment boost AICPA’s Personal Financial Satisfaction Index to a record high in the 24 years the trade group has been conducting this survey.
The software includes a Behavioral Risk Survey that advisers can give to retirement plan participants.
With the Affordable Care Act and other pieces of major legislation that altered financial norms a guide, one expert asks whether a mandate to require employers to provide auto-enrollment retirement plans is a good idea against the backdrop of stubborn American individualism.
The younger the investor, the more likely they are to have their money invested in equities, while older investors are more likely to gravitate to fixed-income securities, according to the ICI.
More than half of this generation currently does not have an adviser.
Cerulli Associates says this is advisers’ biggest challenge.
However, advice seeking increases with age, account balance and annual contribution level.
A new EBRI analysis suggests some couples retiring in the near future could need as much as $370,000 in dedicated savings just for medical care; small wonder to see workers are hungry for advice on managing Medicare premiums and drug costs.