This will be a good year for retirement plan sponsors to re-evaluate their strategies and adjust to a changing regulatory environment, a new report from WTW, Top investment actions in 2023, has found.
The report said the investment market has fundamentally changed, as the slow winding down of the COVID pandemic, concerns about inflation, and workplace changes such as the "great resignation" continue to disrupt the market.
"These recent developments are having a dramatic impact on the way retirement plans need to be designed, to be managed, and to engage participants in order to remain effective in this new era," the report said. "Plan sponsors and their fiduciary committees should take note of these changes and reevaluate whether their historical objectives and strategy remain relevant in this new environment."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
