Next-Generation Retirement Plans Will Deliver Customized Retirement Income Solutions
While workplace retirement savings plans have evolved significantly over the past four decades, they still fall far short on delivering retirement income, investment manager PGIM says.
But PGIM says that by relying on technology, retirement plans will soon be able to not only deliver retirement income solutions—but to provide customized options.
Those personalized solutions could include managed accounts, model portfolios and advice engines, Josh Cohen, PGIM head of institutional defined contribution (DC), tells PLANADVISER.
Cohen says he’s optimistic that after years of discussion on retirement income with no real outcome, it will finally start to become a reality.
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