Retirement Trends

Decisions about benefit plan design, like so many other decisions, should be made with an eye toward the realization that, for every action there can be an equal, opposite, and sometimes greater, reaction.

The Retirement for All CT Coalition held a press conference on the steps of the state Capitol in Hartford touting a bill sponsored by state Senate Majority Leader Martin Looney, a Democrat.

Policy changes, product innovations and improved plan design decisions by plan sponsors have made todays DC plans a much better retirement system than they were even 10 years ago, a study found.

Looking further out, Cerulli said 71 percent of advisors will leave the business within two decades.

Most of the growth will be in defined contribution plans, although a report from PricewaterhouseCoopers says traditional pension plans will remain viable until mid-century.

Seventy-seven percent of survey respondents said they owned real estate, and 35 percent said they owned real estate investment trusts.