- Worry While You Work…
Employees Worrying at Least Once a Week About Personal Finances
John Hancock Retirement today announced the results of its sixth annual Financial Stress Survey of retirement plan participants, revealing the weight of financial stress on workers and its impact on employers. The survey reports that more than half of respondents worry about personal finances at work at least once a week, causing workplace distraction and…
read more - Bringing Healthcare Home…
Nationwide makes investments in Vesta Healthcare
Given the choice between receiving health care in the hospital or their homes, Americans would prefer the latter. A recent study by the Nationwide Retirement Institute revealed that three in four older adults would prefer to receive long-term care in their own homes.
read more - Paper or Online? Retirement Plan Participants Can’t Decide
DOL: Paperless savings estimated at $2.4 billion
Approximately 60 million Americans save for retirement through an employer-sponsored retirement plan, like a 401(k) or 403(b) plan. At least quarterly, these retirement plan participants receive account statements, disclosures and written communications to help them monitor their savings, understand the choices they have made within the accounts and the costs associated with these investments.
read more - John Hancock and Human API Join Forces to Transform the Life Insurance Purchase Process
New Initiative Enables Consumers to Share Medical Information in Real Time
Today, John Hancock announces a major step forward in significantly streamlining the life insurance buying experience through a strategic collaboration with Human API, a leading health data platform, offering a simple, digital way for consumers to share access to their electronic health records (EHR) in real time.
read more - Capitalism Redefined?
Executives around the world are embracing a larger responsibility beyond profit
The world's business leaders are increasingly embracing a new form of capitalism, moving from one focused primarily on shareholder value to one focused on serving the broader world, as the Fourth Industrial Revolution (also known as Industry 4.0) rewrites the role of business in society.
read more - Recruit, Retain: Upskill & ReSkill
Nationwide announces a five-year, $160M Future of Work investment
In a rapidly-changing business environment and competitive job market, businesses are looking to attract and retain talent to help them deliver on their mission, and workers are looking for a company that is values-based and values them. Workers are also seeking employers who will partner with them in preparing for their futures.
read more - 40% of Older Americans Rely Solely on Social Security for Retirement Income
Only 7% of Retirees Have Ideal Situation of Income from Three Sources: Social Security, Pension & Savings
Only a small percentage of older Americans, seven percent, receive income from Social Security, a defined benefit pension, and a defined contribution account. Retirement income from these three sources is widely considered to be the ideal situation to ensure retirement security, particularly for the middle class. Retirees with these three sources of income are far…
read more - Risk of Pension Meltdown Grows Due to Inaction by U.S. Congress
House & Senate laid out blueprints in 2019... with very different visions... but failed to reach agreement
The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.
read more - Health Savings Account Balances Show Continued Growth
Analyzing the state of and the individual behavior in HSAs
According to a new EBRI report, average health savings account (HSA) balances increased from $1,990 in 2011 to $2,803 in 2018. “Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011‒2018: Estimates From the EBRI HSA Database” is a longitudinal study from EBRI’s HSA database, examining trends in account balances, individual and employer contributions,…
read more - What’s Next for the Pension Risk Transfer Market?
Challenges and misconceptions about time & costs
Challenges and misconceptions about time & costs New research from LIMRA In our latest LIMRA Unplugged episode Alison Salka, LIMRA research director, and Scott Gaul, head of Investment and Pension Solutions for Prudential Retirement, discuss current trends in the pension risk transfer market, the challenges plan sponsors face and some of the misconceptions about the…
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