- As “Peak 65” Approaches, Client Concerns Over Retirement May Be Fueling Curiosity About How To Protect Income In Retirement
RIAs say clients worried about retirement; how they’ll be able to do it, when they’ll be able to do it, and how well they’ll be able to do it
RetireOne, the leading independent platform for fee-based insurance solutions, in partnership with Allianz Life Insurance Company of North America (Allianz) released their joint 2023 RIA Protected Accumulation + Retirement Income Survey today.
read more - Why Aren’t More People Tapping Into Home Equity To Help Fund Retirement?
Examining why the use of home equity to fund retirement shortfalls remains low
The largest component of household wealth for many people in or entering retirement is home equity. As life spans increase and retirement periods grow, one might expect to see more people dipping into the equity in their homes. Yet only a small proportion do.
read more - The Conference Board Consumer Confidence Index
US consumer confidence fell again in September
The Conference Board Consumer Confidence Index® declined again in September to 103.0 (1985=100), down from an upwardly revised 108.7 in August. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—rose slightly to 147.1 (1985=100) from 146.7.
read more - How SMBs Are Primed To Embrace Automation And Supercharge Productivity
SMBs embrace the future, ready to harness the power of AI and automation
New research from airSlate, a leader in document workflow automation solutions, reveals that small and medium-sized businesses (SMBs) are ready and eager to harness the power of automation and artificial intelligence (AI) to scale and compete effectively in today's business landscape.
read more - Pre-Retiree Expectations And Retiree Realities
Retirees and pre-retirees fear declining finances and deteriorating health in older age
Fewer than one in four age 50+ workers and retirees are very confident they will be able to maintain a comfortable lifestyle throughout their retirement (17%, 23%, respectively), according to Life in Retirement: Pre-Retiree Expectations and Retiree Realities, a new survey report released by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica…
read more - Adapting To Growing Private Markets: A Playbook For Practice Success
Private markets investments provide advisors with practice differentiation, high-net-worth client asset gathering and retention opportunities
By offering an expanded shelf of private markets investments, advisors can differentiate their practices (81% agree this is a business impact of offering alternative investments), attract high-net-worth (HNW) clients (67%), and consolidate and retain assets under management (AUM) (66% each), according to Cerulli’s latest whitepaper, Adapting to Growing Private Markets: A Playbook for Practice Success,…
read more - Helping Women Protect Their Families With Life Insurance
44% of women believe they need (or need more) life insurance, which represents 54 million women
Women make up a significant market opportunity for the life insurance industry. According to the 2023 Insurance Barometer Study, 44% of women believe they need (or need more) life insurance, which represents 54 million women. In general, women are less likely than men to own life insurance.
read more - Navigating Through Uncertainty: A New Playbook For Insurers
How are global insurers adapting to the new market regime?
Global insurers are adapting to a challenging macro environment in 2023, according to BlackRock’s 12th annual Global Insurance Report. To do so, they are adopting a strategic asset allocation (SAA) that favors flexibility, allowing them to take advantage of opportunities in public and private markets, and invest in the transition to a low-carbon economy.
read more - What’s Sinking Your Employee’s Wellbeing?
5 titanic lessons for leaders to keep their crew afloat
by Diane O’Connell
The sinking of the Titanic stands as a tragic and haunting reminder of human fallibility. And, surprisingly, the parallels between the Titanic disaster and today's workplace wellbeing cultures are striking.
read more - Retirement Security Conditions Have Improved, But Most Canadians Aren’t Feeling It
43% of working Canadians say they are worried they won’t have enough money to enjoy retirement, their biggest fear about retirement. A growing number (38%) now say achieving retirement security will take a miracle
For the first time in ten years, nearly all developed countries in Natixis Investment Managers’ Global Retirement Index (GRI), including Canada, received a higher overall score for retirement security over the prior year. The annual index, released today, shows improved economic conditions, mainly the result of employment growth, wage gains, and interest rates. Yet Natixis…
read more - 401k Loans Are On The Rise And Emergency Savings Are Low Amid Inflation In The First Half 2023
New report shows low exchange activity, especially among target date investors
T. Rowe Price, a global investment management firm and a leader in retirement, has published a report detailing plan sponsors' and participants' reactions to continued inflation and economic challenges in the first two quarters of 2023. The report examines retirement behavioral trends and correlations between the challenging economy with rates of savings for retirement.
read more - Whole Life Emerges As No. 1 Product For Military Families
Military families own whole life at a higher rate than the general population. 33% of middle-class civilian families report they own some form of permanent coverage
As demand for permanent life insurance coverage continues to grow, whole life has emerged as the No. 1 choice of career military families.
read more - Canadians Tighten Their Belts To Manage The Increased Cost Of Living
As the cost of living goes up, most Canadians are making daily sacrifices - while holding on to big ambitions
A new CIBC poll finds that while more than half of all Canadians (61 per cent) say they have engaged in some sort of cost-cutting behavior to manage the increased cost of living, very few plan to delay major life events like getting married (2 per cent), buying a first home (6 per cent), or…
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