Retirement

Understanding what advisors think about success and how these views differ between men and women can help firms better align their recruitment, training and business models for increased growth.

"Across all plans, we find that 58% of defined-contribution plan assets are invested in off-the-shelf TDFs. Off-the-shelf TDFs are not customized but are offered with the same glide path to multiple plans."

"Financial institutions must document the reasons that a rollover recommendation is in the best interest of the retirement investor and provide that documentation to the retirement investor," says WTW report.

"Individuals at all stages of their careers can benefit from educating themselves about the Social Security system and retirement planning and a trusted financial professional can help with that education," says Tina Ambrozy, senior vice president of Strategic Customer Solutions at Nationwide.

Many companies - and their advisors - may be reconsidering their strategies after a few painful months in the equity markets.

New report finds that Gen Z is setting aside more earnings for retirement than any other generation.