Investment Instruments

In light of inflation and a possible recession, there are a number of strategies and tools that employers and advisors can offer, such as digitally enabled, low-cost, personalized retirement advice, says a new study.

The worst-hit region is likely to be Europe, where real salaries — nominal wage growth minus the rate of inflation — are seen being driven down an average 1.5%, according to workforce consultancy ECA International.

Many are seeking professional advice/guidance for generating retirement income, understanding how long their savings will last and whether their savings are on track or need to be adjusted, says report.

Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.

From more immediate financial help, like credit advice and childcare services, to personalized investment guidance from a professional, employers can now give employees what they want (and boost retention too).

The bill's sponsors estimate a modest diversification into "alts," including real estate and private equity, could boost 401(k) performance by 17% a year and cut losses in a recession.

Many employees (40%) want access to advice from an investment professional, and 62% of employers say they're now offering investment access (up from 55% in 2021).

With 60% of US workers stressed about their finances, they're increasingly looking to employers to roll out more resources to help with not only retirement savings but their overall financial well-being.