In this issue

The retirement industry gears up to meet the needs of US baby boomers who will stop working, amid warnings that half of Americans lack the assets to maintain their lifestyles, and polls showing professionals prefer defined benefit policies

Retirement industry warns non-savers

An estimated half of Americans lack assets to maintain lifestyles

Automatic enrolment adds to employers’ costs

Plan sponsors look to lower contributions

Retirement industry slams Obama’s 401(k) cap

Professionals say proposal will discourage saving if enacted

Professionals prefer defined benefits

Poll identifies preference of six in 10 retail fund management professionals

Retirement planning goes mobile

Participant engagement has yet to meet the expectations of providers

Alternatives hit barriers to defined contributions

Obstacles to growth include limited capacity, regulation, and unfamiliarity


When you’re 64, will your nest egg be big enough?

Many Americans have no idea how to plan for retirement

retirement greeting card

Keep things simple to encourage saving

Regulators and the industry disagree on savings incentives

Disclosure of fees leads to reduced costs for investors

Department of Labor-mandated rules mean more cash for plans

‘Decumulation’ phase moves higher up agenda

As baby boomers turn 65, firms are stepping up education

ETFs enter plans as part of higher risk strategies

But some schemes are finding ETFs more complex to use

New flavours to alphabet soup fail to stir market

Proliferation of targeted share classes has not helped flows

Firms step up efforts to encourage more saving

Clever tactics are being used to encourage saving

Greater transparency boosts collective trusts

An ability to contain costs is helping them gain ground

Tailor-making products is distant goal

Move towards customisation could open up the market