Retirement Trends

Fully 35 percent of respondents in North America and 34 percent of respondents in Asia-Pacific said that saving for retirement and their childrens futures was a financial priority.

The proposal comes shortly after machinists for Boeing agreed to move from a defined benefits plan to a defined contributions retirement system in exchange for a cash bonus of $10,000.

The most critical time for advisors to focus on client retention and attrition risk is between one and four years.

The costs of pensions and other benefits for retired employees are generally growing faster than revenues, crowding out funding for health care, education and infrastructure projects, according to the report.

The $281 billion fund earned 25.6 percent on its publicly traded equity holdings while private equity, which lags three months, gained 19 percent through the end of September.

Chief Executive Officer Robert Benmosche, 69, is focusing on annuities as more Americans approach retirement and competitors including MetLife Inc. limit sales.