Greater interaction with retirement planparticipants will be crucial. (Photo: Shutterstock)
The lack of pension adequacy indicates a systemic failureof the retirement plan system, and major changes will be needed tocreate a new generation of defined contribution plans: DC 3.0.
That's according to research from Willis Towers Watson's Thinking Ahead Institute,which says that over the next 5–10 years that third-generation ofplans must tackle five different issues: coverage, adequacy,technology, a lack of trust and a lack of engagement with participants.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
