The Institutional Retirement Income Council (IRIC) has published its annual review of top retirement industry trends for plan sponsors, providers and advisers to watch in 2019.
Thanks to the work of various stakeholders, IRIC says it expects a growing number of plan sponsors to evaluate and adopt retirement income solutions and decumulation strategies for their defined contribution (DC) plans.
“The continued decline of defined benefit plans along with the Social Security trustees again projecting that both Social Security and Medicare face long-term financing shortfalls puts more pressure on define contribution plans to become income generators for future retirees,” says Bob Melia, […]
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