With higher volatility and rate uncertainty in the market, retirement plan advisors are looking to help plan sponsors build more resilient portfolios. That's why advisors are focused on implementing income strategies, according to BlackRock's 2024 Read on Retirement: Advisor Outlook of over 450 plan sponsors, 300 retirement plan advisors, 1,300 workplace retirement plan savers, 1,300 independent savers and 300 retired workplace savers in the U.S.
"Retirement plan advisors are looking for solutions that will help more Americans achieve better retirement outcomes," said Carrie Schroen, Head of BlackRock's U.S. Defined Contribution Intermediary Business. "Our research demonstrates the importance of access to affordable solutions and education, areas that are vital to providers and participants alike."
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
