Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]
Public defined benefit pension plans can play a critical role in delivering adequate retirement income for U.S. retirees, while providing a key buffer against economic hardship for women, the Black, Indigenous and people of colour communities and workers without a college degree, according to a new report by the National Institute on Retirement Security and […]
The majority (95 per cent) of U.S. 401(k) plan sponsors say they intend to change their plan design by the end of the year, according to a new survey by Fidelity Institutional. The survey, which polled more than 1,300 employers, found a quarter said they plan to increase their matching contribution (26 per cent) and […]
Two-fifths (41 per cent) of U.S. employees are cashing out their 401(k) plan savings when they leave a job, with 85 per cent draining their entire accounts, according to a new report by the University of British Columbia, Texas State University and the University of Colorado Boulder. The report, which analyzed data from more than […]
While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per cent) and women (64 per cent) participating in these plans say they’ve saved less than 10 per cent of their retirement savings target, according to a new report by the […]
Generation Z (28 per cent), millennial (25 per cent) and generation X (21 per cent) 401(k) members rank a lack of emergency savings as one of the most common factors causing financial stress, according to Cerulli Associates’ latest survey. In light of the provisions related to emergency savings accounts and student debt under the U.S.’s […]
When Alaska switched its public education employees from two defined benefit pension plans to a 401(k)-style defined contribution plan, more staff left their positions, according to a new report by the National Institute on Retirement Security. The report benchmarks retirement benefit offerings among state-level plans in Alaska and nationwide, analyzing the evolution of public pension […]
Roughly half of U.S. employees say rising costs (49 per cent) and recent financial crises (46 per cent) have caused them to reduce or stop their retirement savings, according to a new survey by Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees, found more than half (56 per […]
A majority of U.S. defined contribution pension plan sponsors say they have some (70 per cent) or significant (10 per cent) concerns over data sharing and privacy that impact their adoption of new plan products and features, according to a new survey by the Defined Contribution Institutional Investment Association. However, the survey — which polled […]
While a third (34 per cent) of U.S. defined contribution pension plan sponsors say they’re studying decumulation solutions and another 15 per cent are in the process of evaluating or implementing one more than a quarter (27 per cent) say decumulation isn’t a topic of interest or need, according to a new survey by consultancies […]