A new survey finds a massive shift in sentiment toward retirement income solutions – this week, we’d like to know if you’re seeing that.
The survey – of the “largest and mid-sized 401(k) consultants and advisors” – was reported by fixed income money manager PIMCO – and it claims that “nearly two-thirds of respondents believe plan sponsors want to continue serving participants after they retire, up 14% from the previous year." Moreover, it notes that two-thirds of respondents recommend that plan sponsors offer a retirement income tier to serve retirees, packaged with a variety of retirement income solutions, in contrast to a single, all-in-one solution.
Now, not knowing the particulars of what goes into the survey’s definition of “consultants and advisors” (the report says it includes the responses of 238 consulting and advisory firms, as well as individual plan advisors, that serve more than 109,000 clients with aggregate DC assets in excess of $4.9 trillion), this might be a somewhat skewed perspective – or might not. Even if it is skewed toward larger plans, it might be a forerunner to a larger trend. Regardless, a shift from 14% to “nearly two-thirds” is the kind of shift that should raise eyebrows, if not questions.
This week, we’d like to know what you think about that trend. Are you seeing and/or recommending a greater emphasis on retirement income solutions? Or is there “just” a greater interest not yet supported by actions?
Respond to this week’s NAPA-Net Reader Poll at https://www.surveymonkey.com/r/LZYXMZK.
And we’ll have it all wrapped up for you on Friday!
