No longer in a shed, economics and societal pressures are causing the defined contribution industry to evolvesomewhat annoyingly, since retirement in general and DC plans specifically have become sexist with over 10,000 baby boomers retiring every day.
The themes that run through the main stories are:
- The explosion of DC's plans,
- Convergence of wealth, pension and workplace benefits
- Pension income
There were no specific eye-popping stories about retirement income that made the top 10, such as Empower partnered with external providers on their Blueprint product or Fidelity opened its platform to some retirement income providers because these are only hopeful signs for an industry waiting to be born. The big story will be when we see stronger approval from the plans.
So here are the top 10 stories from 2024 so far: