- What Do Millennials Want In The Workplace?
How their priorities and expectations have changed the equation
Millennials are no longer the youngest workers in the office. In fact, the oldest Millennials are nearly 40. Many are now balancing work with the demands of a growing family. In 2020, Millennials make up an estimated 50% of the workforce. As Millennials age and advance in their careers, how have their priorities and expectations…
read more - Employee’s Capacity To Undertake Change In The Workplace Has Plummeted
During a time when change is the antidote organizations need to reset and rebuild
The amount of change that the average employee can absorb without becoming fatigued in 2020 has been cut in half compared to 2019, according to Gartner, Inc. Amid worries about the economy, job security, their health and the health of their loved ones, employees’ capacity to take on change in the workplace has plunged significantly.
read more - Americans Are Maintaining Healthy Credit Profiles During COVID-19
Latest State of Credit report highlights less credit card debt, lower utilization rates and fewer missed payments year-over-year
In a continued effort to educate consumers about factors influencing their financial health, Experian® today released key findings from its 11th annual State of Credit report, which examined how consumers are managing their credit histories against the backdrop of the COVID-19 pandemic.
read more - Employees With Company Stock Plans Seek More Advice
Uncertainty of the times driving participants to reprioritize short, long term goals
New research from Schwab Stock Plan Services shows the impact of the COVID-19 pandemic on equity compensation plan participants’ decisions. The survey finds that of those who recently exercised or sold equity compensation, two-thirds (67%) were influenced by the market volatility and economic downturn related to the pandemic.
read more - U.S. Life Insurers See Rising Losses in Investment Portfolios
Which are expected to become more impactful to ratings in 2021
Life insurer investment portfolio losses, which have generally been manageable amid the fallout of the pandemic, are expected to become more impactful to ratings in 2021, Fitch Ratings says. Impairments have ticked upward as the pandemic has caused widespread economic disruption and deterioration across most asset classes. However, Fitch's surveyed universe of life insurer investment…
read more - Women’s Health Care Costs in Retirement Projected to be $200,000 More than Men’s
Small steps can make a big difference in bridging the Women’s Longevity Gap
Health care costs are a major expense during the Women’s Longevity Gap, the period in which a woman will need to cover expenses single-handedly after the death of a male spouse or partner, according to recent data from HealthView Services, the nation’s leading provider of health care cost projection software. The company estimates that in…
read more - Impact of CARES Act Distribution Provisions on Government DC Plans
More recordkeepers reported implementing deferred loan repayments
In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed, with specific implications for defined contribution participants. The Public Retirement Research Lab (PRRL), a joint program of EBRI and NAGDCA, subsequently surveyed federal, state, and local government defined contribution (DC) plan recordkeepers about their experience with CARES Act loan and distribution…
read more - Is There A Global Leadership Crisis?
Affordable healthcare tops the list of consumer concerns globally, along with corruption and transparency
The Milken Institute and The Harris Poll today released the findings of a joint research program called “The Listening Project,” finding a global void in leadership as the COVID-19 pandemic has killed more than one million people worldwide and has crippled international economies.
read more - Vast Majority of Americans Say Protecting Their Loved Ones Financially is Important Right Now
...But still, less than half own life insurance
New research from Global Atlantic Financial Group found that more than eight out of ten Americans (83%) say making sure their loved ones are financially protected is important to them right now, yet two in five (43%) have no life insurance and only one third (33%) believe they have enough life insurance or other assets…
read more - Older Americans Give Thumbs Up To In-Plan Income Solutions
Consumers receptive to 'leaving money in-plan and getting advice from retail providers'
Older Americans are receptive to retirement solutions that combine in-plan income solutions and retail advice, which can address broader needs than many employer-sponsored retirement plans, according to a new report by Hearts & Wallets, the research and benchmarking firm that specializes in how consumers save, invest and seek financial advice.
read more - Americans’ Personal Savings Are Up As Financial Anxiety Runs High
The uncertainty of the pandemic or what could come next, has Americans striving to protect their families as best they can
New research from Northwestern Mutual's 2020 Planning & Progress Study reveals that the savings rate among American adults aged 18+ is up, and it's likely the result of their concerns about what could come next financially and economically at this extraordinary moment in history.
read more - LIBOR Transition Poses Operational and Legal Challenges for Insurers
Change to SOFR will affect both sides of the balance sheet
With less than a year and a half to go before the London Interbank Offered Rate (LIBOR) will no longer be available, several areas of concern remain, according to a new AM Best commentary.
read more - Where Do Americans Turn For Advice On Handling Their Money?
Most people can't pass a financial literacy test & have no professionals to consult for financial guidance
Where do Americans turn when they need advice about handling their money? That was the question the National Financial Educators Council (NFEC) asked in a recent survey of 1,251 people around the US. Survey respondents were asked a single question: "When you have a financial question, who do you personally turn to for trusted financial…
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