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Trendspotting Charts
A look at employees' latest concerns, and what these mean to advisers.
Tag: Advice
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Singles Behind in Retirement Savings
Forty-four percent of single people are saving for retirement, compared to 63% of married people
Data Points
Employers Neglect Financial Ed
Yet most employees call learning about personal finance ‘important’
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Education vs. Advice
Part of the reason the qualified default investment alternative regulation—found in the Pension Protection Act of 2006 (PPA)—was viewed as so helpful to participants was because they often...
Top Adviser Teams Practice True Collaboration
More than 60% of advisers say they work within a team structure, yet only one-third of teams regularly collaborate in their daily decisions and processes.
Nearly Half of Americans Say Their Financial Situation Improved in 2017
Another 40% say they reduced their debt during the year.
With Change to Pension System, Military Members Need Financial Advice
The Department of Defense is initiating the Blended Retirement System on January 1, 2018.
Single Women Not Safeguarding Their Futures
Eighty percent of single women keep a portion of their savings in cash, with 35% keeping 50% or more in liquid savings.
Sponsors’ Fiduciary Awareness Deteriorating
Nearly half of sponsors do not think they are fiduciaries, up markedly from 30% in 2011.
Spouses Play Increasingly Influential Role Alongside Advisers
Advisers focused on client retention take heed—spouses are increasingly influencing retirement income planning decisions, says Hearts & Wallets research.
Recession Has Had a Major Influence on Millennials
Nearly one in four say they would be willing to save more than 50% of their paycheck to have more money in the long run.
Folio Institutional Launches Expert Interview Series
The expert interview series showcases some of the leading thinkers in the financial services industry on issues that matter most for financial advisers.
Credit Card Debt Preventing Many Gen Xers From Saving for Retirement
Fifty percent of Gen Xers surveyed say they cannot start saving for retirement until they pay off their credit card debt.
Despite Wanting Help, Many Employees Balk at Targeted Messages
Fifty-seven percent of employees surveyed do not want their employer to send personalized messages to people facing important financial decisions.
LPL Financial Offers Gainfully Social Media Platform to Advisers
The Gainfully platform is now available to LPL Financial advisers, aimed at supporting and boosting client engagement via compliance-friendly social media content curation.
Investors Have Mixed Opinions Following 2008 Financial Crisis
More than one in four now avoid the market and nearly half have altered their spending and savings habits.
Retirees Still Have 80% of Savings After Nearly Two Decades
More than one-third of retirees continue to grow their assets, BlackRock found.
More Regulation Might Not Be Needed To Boost Use of DC Plan Lifetime Income
Experts suggest an additional annuity safe harbor regulation is unlikely and perhaps even unneeded for promoting greater use of in-plan lifetime income solutions, given that sponsors’ hesitation is...
Six Ways to Up the Ante on DC Plans
If the plan is not already automatically enrolling participants and escalating their deferrals each year, AB says, it should be.