Turbulent market conditions and rampant inflation have forced investors to consider working after their retirement, according to Nationwide’s eighth annual Advisor Authority survey, powered by the Nationwide Retirement Institute. Over two-thirds (69%) of non-retired investors may work or may continue working after they retire, and more than two-fifths of these investors (44%) say they’ll have to work to supplement their retirement savings or income out of necessity.
A new Cogent Syndicated report from Escalent shows even affluent investors (those with $100,000 or more in investable assets) are feeling the strains of inflation with a 20 percent point decrease in financial confidence from 2021. Just four in ten affluent investors (41%) rate their current financial situation as “very good” or “excellent,” down from six in ten (61%) in 2021.
Propelled by record-high fixed annuity sales, total annuity sales surged to $310.6 billion in 2022, a 22% increase from 2021 results and 17% higher than the record set in 2008, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
The outsourced chief investment officer (OCIO) market is strong, with significant new opportunities for mandate wins and expansion in services from new or existing clients. About one out of four asset owners polled by Cerulli expect to use an OCIO in some capacity over the next 24 months, according to Cerulli’s new research, U.S. Outsourced Chief Investment Officer Function 2022: Industry Efforts for Standardization Kick Into High Gear.
The possibility of a cyberattack by a foreign country has gone from being the stuff of science fiction to a common threat that is often reported in the news. While it may seem like there is nothing an individual can do to stop a cyberattack, there are some best practices that consumers and businesses can do to help guard against losing important personal information to cyber thieves.
As we turn to 2023, there are plenty of uncertainties. Will the Fed engineer a soft landing for the economy? Will inflation slow? Will the stock market revive? Will interest rates come down? During uncertain times like now, it’s valuable to focus on things we can control—taxes, for example. While you generally can’t avoid taxes, you may be able to minimize them with a bit of thoughtful planning.
In an effort to provide valuable insights to the retirement industry, Ubiquity Retirement + Savings® (Ubiquity), conducted its independent inaugural “State of the Industry” survey which revealed concerns around the economy and its impact on the performance of 401(k) plans in 2023.
Tax season is as good time as any to take stock of your financial situation, and that includes thinking about what will happen to your money after you’re gone.
A study released today by Cigna (NYSE: CI), a global health service company, finds that triple integration of medical, pharmacy and behavioral benefits resulted in lower health care costs for employers. Conducted by Aon plc, a leading global professional services firm, the Value of Integration Study shows that Cigna’s integrated employer clients saved $148 per member per year in 2021.
Fiverr International Ltd., the company that is revolutionizing how the world works together, has revealed new data showing how U.S. workers feel about an uncertain economy and how they plan to reinforce or supplement their income for a recession.
