- Corporate Pension Performance For FY 2020 Improves Slightly Over FY 2019
At 88.4% funded, experience nearly matching growth in both assets and liabilities in 2020
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2021 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans. This marks the 21st consecutive year in which the report has been published.
read more - Milliman & The Helper Bees To Offer Innovative LTC Solution For Aging-In-Place Payers & Policyholders
LTC collaboration combines predictive analytics to offer support to high-risk policyholders
Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that its Long-Term Care Advanced Risk Analytics (LARA) group has formed a strategic alliance with The Helper Bees, a care concierge program, to offer an innovative long-term care (LTC) solution to payers and plan sponsors.
read more - For ESG Investing In The U.S., Women Are Leading The Way
Responsible investing is poised to become a dominant strategy
The winds of investing in the U.S. are shifting and women are a driving force behind the change. A recent client survey conducted by RBC Wealth Management – U.S. shows that responsible investing, namely Environmental, Social and Governance (ESG), is gaining traction. Women are leading the charge for ESG investing and are more likely to…
read more - Has A White Swan Turned Investors Green?
ESG disclosures are starting to align with investor demands as Companies become more accountable, ambitious
A new global survey of companies and institutional investors commissioned by ING shows the COVID-19 pandemic as a 'white swan' moment, which has accelerated the majority of companies' green transformation plans.
read more - Spender, Saver or Investor?
Understanding the ‘personality’ of HSA accounts
TIAA, the leading provider of financial services in the academic, research, medical, cultural and government fields, today launched its Health Savings Account (HSA) Resource Center, developed to engage and educate people on how to make their health savings work for them at different life stages.
read more - The New Productivity Agenda
Financial institutions spend 14% of operating costs on change management
Financial institutions are spending, on average, 14% of annual operating costs on change management functions in order to drive greater productivity gains, a new PwC study has shown.
read more - Although 82% of Americans Say Past Year Impacted Their Retirement Plans, They Are Cautiously Confident
Americans split on how long it will take to get back on track, ranging from 1 - 4+ years
As more than one year has passed since the start of the pandemic and with the increasing availability of vaccines, many Americans are focusing on the future, including sizing up their prospects for retirement. The need is real.
read more - Pandemic Reveals Demand For Virtual & Self-Serve 401(k) Education
Workers prefer holistic personal finance help over plan-specific topics
New data from Schwab Retirement Plan Services reveals worker preferences in retirement education that can help employers more effectively support their employees’ financial health in post-pandemic times.
read more - Black America’s Financial Wellness
Deconstructing the variables for differing populations
Deconstructing the variables for differing populations Excerpts from a new whitepaper from the American College Of Financial Services, Black America’s Financial Wellness, written by Timi Joy Jorgensen, PhD, Assistant Professor and Director of Financial Literacy, examine the ‘specific predictors of financial well-being’ for this demographic group. Access the full report here. It takes more than…
read more - Low Interest Rates Leading To Sharp Decline In Insurer Defined Benefit Plans
Managing unfunded benefits on company balance sheets
Defined benefit plans have been declining for more than four decades, a long-term trend that has been reinforced in recent years as interest rates remain at historic lows, according to a new AM Best report.
read more - Half Of Consumers Think Financial Advisors Are More Expensive Than They Actually Are…
...But almost all who use one say they’re worth it
According to a MagnifyMoney survey, 30 percent of responding Americans have a paid financial advisor — with 60 percent saying they sought one after a specific life event. Of those with an advisor, nearly all of them (95 percent) believe “they’re worth the money.” The most popular reasons for working with a professional are investment…
read more - How 2020 Shifted Investor Priorities & Sharpened Their Focus On Managing Money
A heightened importance on protection, while parents begin to educate their children
The COVID-19 pandemic has reshaped the ways in which many investors are spending and saving their money – and they expect they’ll carry their newfound priorities into the future, according to new research released today from Ameriprise Financial.
read more - For Higher-Ed Institutions, Has Financial Readiness Been Impaired?
87% of higher education institutions believe COVID-19 will have a significant impact on their employees’ plans
Voya Financial, Inc. (NYSE: VOYA), in collaboration with Greenwald Research, recently conducted its first survey of retirement plans in public and private higher education. Approximately 300 key retirement plan decision-makers were surveyed regarding key issues impacting the structure and management of their defined contribution retirement plans.
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