2017 Hot Topics in Retirement and Financial Wellbeing
If you elect to comment or engage with our content via third-party social media websites, you authorize Aon to have access to certain social media profile information. Please click here to learn more about information that may be collected when using these tools on Aon.com
Based on the responses retirement plan sponsors provided to Aon Hewitt’s Hot Topics in Retirement and Financial Wellbeing survey, this year should be a very busy year for them.
We are hearing from employers that they do not intend to sit on the sidelines waiting for the environment to dictate their next move. Instead, they are taking action in an effort to bolster employee benefits and help their workers plan for a secure financial footing - both today and in retirement.
For many employers, these efforts are concentrated on assembling a broad financial wellbeing program. Some employers' initiatives are focused on enhancing their defined contribution (DC) plans, while other employers are making adjustments to their defined benefit (DB) pension plans to mitigate the plans' financial risk.
Overall, three main themes have emerged from the data:
- Far and away, the top initiative for employers is focused on workers' financial wellbeing.
- Employers are focused on enhancing both the accumulation and decumulation phases for their defined contribution plan participants.
- Defined benefit pension plan sponsors are revisiting the ways they are removing risk from their plan.
