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| Benefits & Administration |
| LGBT Workers Not Habitual Savers |
| Thirty-six percent of LGBT workers in all nine nations included in Aegon Center for Longevity and Retirement research think they will need to generate at least 80% of their current income in retirement, compared to only 32% of heterosexual workers. Only 37% of LGBT workers say they are habitual savers, compared to 41% of heterosexuals. In the U.S., these figures are 61% and 57%, respectively. However, LGBT workers across the globe are more likely to have a written retirement plan (20% versus 16%; and 49% and 32% in the U.S.).Read more > |
| Financial Confidence Reaches Record High |
| Although inflation has been rising, stock market gains and a decrease in unemployment have boosted the American Institute of Certified Public Accountants (AICPA) Personal Financial Satisfaction Index (PFSi) to the highest level it has ever reached in the 24 years AICPA has been conducting this survey. However, “Americans should continue to assess their personal risk tolerance and work with their financial advisers to determine how best to approach investment decisions in 2018,” says David Cherill, a member of the AICPA Personal Financial Planning Executive Committee.Read more > |
| Public Pensions Produced Solid Returns in 2017 |
| In 2017, public pensions managed to raise the market value of fund assets above the actuarial value of assets, the National Conference on Public Employee Retirement Systems (NCPERS) found. Furthermore, the one-year, five-year and 20-year investment returns are near or above investment assumptions. In spite of these improvements, 85% of public pension funds tamped down their investment return assumptions or plan to do so.Read more > |
