August 9, 2012 (PLANSPONSOR.com) - Employees are increasingly
focused on retirement planning, according to a report.
Financial Finesse, a financial education company, said retirement planning questions made up
32% of total questions received by the company's financial planners in Q2 2012,
up from 25% in Q2 2011, 20% in Q2 2010 and 14% in Q2 2009.
However, employees’ retirement preparedness remains dangerously
low, with the majority indicating they haven’t run a retirement projection
or taken a risk tolerance questionnaire to appropriately allocate their assets.
There are early signs that employees’ increased focused on
retirement planning, coupled with strong market returns, is beginning to affect their confidence—18% of employees year-to-date indicate they are on
track to retire versus 14% in Q1 2012.
The full report is available here.