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Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
Employers need to create an environment that can foster employee loyalty, reduce turnover, enhance overall productivity and help employees be able to reallocate funds to retirement savings, according to a Voya survey.
Nearly 80% of employees “strongly agree” or “agree” they will spend more time reviewing their employee benefits options and coverage this year than they did during the last enrollment period.
The study found that only 11% of Gen X and 31% of boomers say they have saved the often recommended, 10 times or more of their current annual salary for retirement.
Inaccurate provider data can lead to frustrated clients and stress on your business relationships. These are the top do’s and don’ts to ensure the data you rely on as a benefits advisor is as accurate and helpful as possible.
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