- Inflation Is Impacting Short-Term Spending & Saving
Anxiety about inflation results in $243 less per month toward savings, but 72% of Americans expect to retire at their desired age
The latest New York Life Wealth Watch survey revealed that while inflation is impacting short-term financial decisions, Americans report that their retirement strategies remain largely intact. In fact, 65% of adults report that as a result of inflation, they are cutting back on short-term spending to stay on track with their long-term financial goals. One-in-four…
read more - Life Insurance Leading Voluntary Market Resurgence
Carriers report significant sales growth for most voluntary products in 2021
Voluntary life insurance sales jumped 25% in 2021 to lead the voluntary industry's strong rebound last year, according to Eastbridge's annual U.S. Voluntary/Worksite Sales Report. A 58% increase in universal life and whole life sales led the product line. Term life sales grew 15% and continue to represent the highest share of the voluntary market…
read more - Alternative Data Is Driving Extreme Market Research Disruption
How hedge funds and private equity are at strategic risk of being outmaneuvered
by Merilee Kern
Numerous indicators make clear that the next five years will usher in extreme transformation for a multitude of industries and sectors as well as the global economy at large. This begs the question: what is driving such significant and rapid change? This big question just might be answered in two words: alternative data.
read more - Future Of Financial Planning
Financial planning practice in future will be more innovative, more human and more in demand
Financial Planning Standards Board Ltd. (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, has released the results of its Future of Financial Planning Practice research, a survey of 4,250 CERTIFIED FINANCIAL PLANNER professionals across 23 territories, conducted in partnership with the global FPSB Network.
read more - Employer-Sponsored Health Insurance Cost Rose Sharply In 2021, Outlook For 2022 Is Uncertain
In a tight labor market, employers can optimize health benefit value with quality initiatives, virtual care and personalization of benefits
The average per-employee cost of employer-sponsored health insurance jumped 6.3% in 2021 as employees and their families resumed care after avoiding it last year due to the pandemic, according to Mercer’s 2021 National Survey of Employer-Sponsored Health Plans, released today.
read more - Four Out Of Five Small Business Owners View Employee Benefits As A Top Priority Due To Pandemic
Small business owners are focusing on culture and morale, retaining and attracting talent, and employee wellbeing
The last two years have had an impact on businesses of all sizes, and small businesses are no exception. For more than 80% of small business owners, employee benefits are a top strategic priority, as these benefits play a critical role in impacting culture and morale, employee wellbeing, and attracting and retaining top talent.
read more - Interest In PEPs On The Rise
Small employers interested in learning more about pooled employer plans, not yet ready to implement
More than half of smaller employers surveyed by the Secure Retirement Institute (SRI)—regardless of whether there is a retirement plan currently in place—are interested in learning more about pooled employer plans, or PEPs.
read more - A New look At Financial Wellness
Employers offering holistic benefits can help employees improve and maintain their sense of stability
Employers offering holistic benefits can help employees improve and maintain their sense of stability The TIAA 2022 Financial Wellness Survey reveals that consumers still feel challenged on multiple fronts. Excerpts are presented below, and the full report can be viewed here. When it comes to overall financial wellness, many Americans still feel challenged on multiple…
read more - Trends In Granting Equity
More and more employees receiving equity grants
Executive compensation consultancy Pearl Meyer has published new data that show companies are going deeper into their organizations with equity grants, and that burn rates have increased dramatically.
read more - Financial Inclusion Top Of Mind For U.S. Financial Leaders
The financial inclusion imperative has become more important over recent years as more and more people demand corporations to lead with purpose and make a positive impact on consumers and communities
Financial inclusion is a primary focus for nearly all banks and financial institutions according to a new commissioned study Experian® released today conducted by Forrester Consulting.
read more - Young Professionals On The Move
Six-in-ten young professionals have changed jobs during the pandemic or expect to be at a different company within two years
It’s no secret that the last two years of the pandemic have caused many Americans to reassess their lives – everything from health, family, financial situation and careers. Fidelity Investments®, in its commitment to helping its customers achieve their financial goals at every life stage, today shares results of its 2022 Career Assessment Study.
read more - Inflation: The Silent Killer Is Getting Louder
Kinetic Financial addresses the disruption created by inflation in the current economic environment
According to Ali Hashemian, MBA, ChFC®, CFP®, president of Kinetic Financial, it was easy to ignore inflation in the past. We've lived in a world where inflation and interest rates were a non-issue for over a decade. But the world is changing, and inflation might be trending more on the media than the next big…
read more - 79% Of Americans Have Done Nothing To Combat Inflation In Their Investment Portfolio
14.6% of Americans have moved into precious metals and 4.9% into crypto
A new survey of 2,502 American adults found that nearly 1-in-5 (79.1%) report having done nothing to their investment portfolio or retirement accounts to hedge against generationally high inflation levels.
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