Advisor Technology

There's a strong desire for help with financial decisions across generations but a strong majority (75%) of Americans said it was important that their employer offer a program to help manage finances, says a new study.

Momentum from passage of SECURE 2.0 could "accelerate" efforts to enroll millions more of employees, since fewer than 50% of small businesses with less than 50 employees currently sponsor a retirement plan.

Now, both employers and plan sponsors will need to make some technological adjustments in order to expand automatic enrollment, speed up deployments and ensure compliance.

The younger generation is setting some lofty retirement goals, but the good news is they're looking for help from advisors, who can provide both a long-term strategy and a short-term tactical game plan.

The sweeping new retirement savings legislation will likely become law any day now, however, it's not a catch-all solution and employers still need to make some adjustments to further differentiate themselves.

For 2023, 52% of plan sponsors say providing financial wellness tools will be a top priority, since nonprofits are placing a greater emphasis on financial education, says a new report.

Choice is good for participants, but too much choice is counterproductive in retirement systems, according to a new Morningstar report that evaluated retirement systems in eight "highly educated and wealthy countries."

While nearly half of younger workers say they would like crypto as a choice in their 401(k), what's even more surprising is that nearly half also say they would like an annuity option, according to a new study.