A WTW report outlines why policyholders, insurers and participants benefit from the PRT option.

About half of plan sponsors said the pace of change in retirement plans is exhausting.

Advisors should view this as an opportunity to deliver thoughtful retirement income strategies to clients and help them resist common behavioral tendencies.

More clients have opinions on retirement income than they did four years ago, consultants and advisors said.

High-cost claimants drive a large percentage of spending.

Only about one-third of employees are saving for health care expenses during retirement despite the fact that these costs continue to surge, said the report.

Employers report staging updated with state and local laws is their biggest challenge with managing disability and leave benefits.

With increasing doubts about whether they can afford to retire, where Americans choose to live during their golden years may make a big difference.