February 2024
13Feb

AI’s impact can’t be overstated – BlackRock and Invesco execs

By COURTNEY DEGEN   Artificial intelligence will have a tremendous impact on the economy, healthcare and other industries, executives from BlackRock and Invesco said Feb. 12 at the Exchange ETF conference in Miami Beach, Fla. "It's hard to overstate the impact of AI on the economy (and) on different industries," said Jay Jacobs, U.S. head of thematics and active equity ETFs at BlackRock. AI is what Jacobs called a "platform technology," meaning "it is going to bring other industries into the fold that maybe don't even exist...

February 13, 2024
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12Feb

The Role of AI to Enhance Retirement Savings: The Gender Gap Challenge

By Anabel Martínez Colín AI is the biggest disruptor in the financial sector, where there are many AI solutions at work, and the role of AI over it is well documented. However, the deployment of AI in the pension segment is still at an exploratory stage, and its influence on the gender gap in pensions is still unclear. This research explores the relationship between AI readiness and the gender gap in pensions (GGP), which may also be statistically significant. In addition,...

February 12, 2024
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02Feb

Home Equity and Retirement Funding: Challenges and Opportunities

By Vishaal Baulkaran & Pawan Jain We investigate the use of home equity to address the retirement saving crisis and funding shortfall. Using survey data from consumers and financial planners, we examine Canadian consumers’ views on equity release and gauge financial planners’ knowledge, attitudes, and perspectives toward recommending equity release products to their clients. Our findings indicate that a primary barrier for consumers is their lack of understanding about home equity release schemes. However, when these schemes are more cost-effective...

February 2, 2024
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02Feb

Will AI revolutionize the retirement industry?

A recent survey from Professional Pensions showed 17% of pension experts think Artificial Intelligence (AI) will revolutionize the industry a great deal, while 60% agreed it will to some extent. Only 7% argued AI will not change the way things in the industry are done. With that backdrop, the EBRI-Milken Institute 2024 Retirement Symposium’s panel, Innovations and FinTech: Developments that Can Enhance Financial Security, Retirement Planning and Spending Down Assets, discussed the nature of AI within the retirement planning process. Yon...

February 2, 2024
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January 2024
26Jan

Planning for a pension scheme buyout

By Katherine Russell, Melissa Wongand & Alice Fletcher The bulk annuity market has seen an increase in full scheme buy-ins, which is a significant milestone for any pension scheme. However, there are still lots to do before the buy-in is converted to a buyout and the pension scheme can be wound up. Katherine Russell, Melissa Wong and Alice Fletcher highlight the key steps and considerations following a full scheme buy-in. Get the report here

January 26, 2024
Books, Books, Pension design, Reports,
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22Jan

US. 5 Gen Xers share what it’s really like to plan for retirement: ‘My generation is going to have a harder time than boomers’

The oldest Gen Xers, born in 1965, are just a few years away from traditional retirement age. But many don’t feel nearly ready enough for that next chapter. Fortune received hundreds of emails from Gen Xers who say they are worried about what the future holds in store for them and their retirement readiness. “I’ve followed my dreams, as my generation was told to do, but found that some dreams cost more to follow than others,” writes one Gen Xer. “My savings...

January 22, 2024
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19Jan

The Most Often Overlooked Step In Retirement Planning

When it comes to retirement planning, conversations often center around portfolio management and investment strategies—what I like to call the bling of the financial world. Generally, you sit down with an advisor and begin your work together by listing all your assets and expenses. They, in turn, provide you with a thick report of projected returns, inflation assumptions, and a—likely daunting—required savings number for your retirement nest egg. More often than not, they then offer a fancy investment product or...

January 19, 2024
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19Jan

Occupations Shape Retirement Across Countries

By Philip Sauré, Arthur Seibold, Elizaveta Smorodenkova & Hosny Zoabi We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and retirement that is present across institutional settings. Finally, we find that occupational composition is an important determinant of aggregate retirement behavior across...

January 19, 2024
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08Jan

US. How the Gig Economy Is Reshaping Retirement Planning

As many as 50% of Americans have some sort of side gig, whether this is primarily how they make money, or in addition to a regular job. The gig economy, a phenomenon that may have emerged as a response to the high unemployment rates of the 2008-2009 recession, has become a part of American life, and it’s reshaping retirement. While these gigs offer workers more flexibility and variety, they may also come with some downsides, affecting how financially set people are for retirement. Some...

January 8, 2024
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08Jan

The Four Headwinds of Retirement and How to Combat Them

Dipping your toes in the fresh waters of an exotic beach. Enjoying a gorgeous sunset and your favorite drink as you relax on the back patio. Getting lost in a painting because you have all the time in the world to perfect every brushstroke. Spending more time with family and friends. These are the types of things you dream of indulging in when you retire. You don’t picture worrying about how much money you have in the bank or trying...

January 8, 2024
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