A new report examines key issues driving "a profound transformation" of the financial landscape of the United States and how those issues are impacting retirement planning for both individuals and the organizations that employ them.
The authors of Marsh McLennan Agency's 2024 Financial Trends Report, Innovations and challenges in finance: A look at generative AI, cybersecurity ad more, named four issues that employers should prioritize when managing retirement plan options in 2024:
|- generative AI,
- fraud/cyber concerns,
- inflation and
- a convergence of retirement planning and wealth management.
The report tackled what these issues mean for managers of employer-sponsored retirement plans and explored how managers can strive to protect their organizations and employees.
"In this era of rapid change and complex financial challenges, the ability to adapt, innovate and seek professional guidance is paramount," the report said. "Embracing the trends of generative AI, cybersecurity, comprehensive financial planning and combating the retirement savings gap are vital for securing a more stable and prosperous financial future."
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