Retirement Income Solutions Have Slowly Progressed in 2021
Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.
Source: plansponsor.com
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Strategic Planning Beyond the Pandemic
When I ask defined benefit (DB) plan consultants or investment managers about alternatives, they frequently respond that almost all the asset classes once considered alternatives have been so widely adopted that they’re now mainstream. Similarly, ESG (environment, social and governance) criteria have seen increased adoption. But according to research from PGIM, the global asset management business of Prudential Financial Inc., alternatives and ESG approaches remain unavailable for most defined contribution (DC) plan participants. PGIM’s survey of 138 DC plan sponsors in mid-2020 found th...
Source: wealthmanagement.com