T. Rowe Price has developed a new tool to help plan sponsors assess retirement income solutions for participants.
“The retirement income pursuit is a complex issue for plan sponsors and participants, and our objective is to help with progress.” Lorie Latham, senior defined contribution strategist at the company, said in a release. “To date, the retirement industry has tended to lead with launching retirement income products and with an aim to 'sell' into plans. We hope to see a pivot toward greater emphasis on the fundamental needs of retirees and plan objectives.”
T. Rowe Price research found that 94% of defined-contribution plan consultants agreed that a suite of income solutions is preferred to a single retirement income offering.
However, DC consultants also report that only 13% of their plan sponsor clients currently provide, or are planning to provide, such an array.
T. Rowe Price's new tool aims to bridge the gap by offering plan sponsors a strategic and informed evaluation process, the company said.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
New name draws on founder's family history as consolidation reshapes the broker-dealer landscape.
Deal brings tech-focused planning expertise, expanded Pacific Northwest presence to national RIA platform.
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
