- America’s Retirement Preparedness Level Declines Amid Continued Volatility
Millennials experienced greatest decline in preparedness among generations since study last conducted in 2020, despite highest increase in income
Fidelity Investments® today released its latest Retirement Savings Assessment, revealing a decline in retirement readiness as American savers continue to navigate market volatility and disruption.
read more - Wellbeing & Your Wallet
49% of consumers optimistic about their financial futures
Affinity Federal Credit Union (“Affinity”) released findings from the debut installment of its Wellbeing and Your Wallet Index. The Index captures consumer sentiment around their overall financial wellbeing, a cornerstone of the culture within Affinity’s community, and analyzes results from a 42-question survey completed by 3,001 individuals in New Jersey, New York, Connecticut and Pennsylvania.
read more - More Than 1 In 5 U.S. Adults Have Considered Leaving Their Job In The Last Year To Be Self-Employed
New research uncovers insights on attitudes towards independent work as well as benefits and challenges of being an independent business owner
HoneyBook, the leading clientflow management platform for independent businesses, today announced new data on the state of independent work. The study, conducted by The Harris Poll on behalf of HoneyBook earlier this year, found that current economic uncertainty is encouraging more adults to consider self-employment in 2023 and that independent business owners have greater pride…
read more - Retirement Disruptors To Watch By 2030
Survey of plan sponsors, financial professionals reveals predictions, challenges, and opportunities for the future of retirement
A new survey from Principal Financial Group® identifies the leading disruptors to the retirement industry that employers and financial professionals believe will reshape plans, services, and solutions by 2030.
read more - Current And Future State Of AI Solutions For The Workforce
Survey by The Health Management Academy reveals accelerating use of AI to overcome workforce challenges
Given the severity of labor shortages and staffing constraints facing health systems nationwide, C-suite executives are turning to artificial intelligence (AI) to fill gaps and improve productivity, according to a recent survey conducted by The Health Management Academy (The Academy) with support from Outbound AI.
read more - Broker/Dealers Must Respond To Shifting Advisor Preferences
Advisors seek flexibility and lower-cost products
Broker/dealer (B/D) revenues continue to face headwinds as advisors escalate their preferences for passive products, avoiding the revenue-sharing payments that asset managers have depended on for so long. Asset managers must make available separately managed accounts (SMAs), exchange-traded funds (ETFs), environmental, social, and governance (ESG)-oriented products, and other portfolio elements that appeal to advisors’ needs…
read more - Tax Tips & Updates For 2023
Niagara University Professor of Accounting Lei Han, Ph.D., CPA, provides tax tips for 2023 and this year's updates filers need to know
by: Lei Han
Niagara University Professor of Accounting Lei Han, Ph.D., CPA, provides tax tips for 2023 and this year's updates filers need to know
read more - Keeping Up With Inflation
Niagara University economist comments on inflation report
The February inflation report was mostly inline with economists' expectations, containing both positive and negative signals for the Fed's ongoing efforts to bring inflation closer to its 2% target.
read more - American Women Significantly Less Confident In Retiring Compared To Men
An overwhelming majority of women (79 percent) desire greater access to financial literacy resources with 74 percent reporting they do not have a financial plan in place compared to 58 percent of men
A special report from the BMO Real Financial Progress Index focusing on women and financial confidence found a stark contrast regarding how women and men feel about one of life's top financial goals: retirement.
read more - In Force Data Solutions From MIB Provide Unique Insights To The Life Insurance Industry
Delivering unique insights leveraging real-time in force and pending application activity identifying potential risks and in force optimization opportunities
MIB, the life insurance industry's most trusted and secure partner for data-driven insights and digital services announced the launch of a new suite of solutions that leverage a unique database consisting of in force and pending application data as well as terminated policy data to provide new critical insights to the industry.
read more - Institutional Investors Expect To Increase Allocations To Active Strategies
A noteworthy amount indicate increasing allocations to active strategies in equities and fixed income
This issue of The Cerulli Edge—U.S. Monthly Product Trends analyzes mutual fund and exchange-traded fund (ETF) product trends as of January 2023 with a special focus on institutional investors’ expected allocations to active strategies.
read more - Small Business Hiring Remains Steady In February
The CBIZ Small Business Employment Index reported a minimal decrease in hiring as labor shortages continue.
The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 0.19% in February. With small business owners continuing to face labor shortages, retaining talent remains a top priority.
read more - 2022 Life Insurance Sales Match Record Set In 2021
New annualized premium totaled $15.3 billion in 2022, level its the record-setting sales in 2021
Propelled by the strong growth in the first half of 2022, U.S. life insurance premium totaled $15.3 billion, roughly level with the record-high premium sold in 2021, according to LIMRA’s U.S. Retail Individual Life Insurance Sales Summary for Fourth Quarter 2022.
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