T. ROWE PRICE STUDY FINDS RETIREMENT INCOME AND PERSONALIZATION ARE TOP OF MIND FOR CONSULTANTS AND ADVISORS
T. Rowe Price's 2024 Defined Contribution Consultant Study reveals key trends in retirement planning. Retirement income has become a priority, with only 19% of plan sponsors lacking an opinion on it, down from 59% in 2021. Personalization is seen as crucial, especially for those nearing retirement, with strong support for managed accounts as an opt-in option.
Other findings include:
- 89% of firms focus more on diversification in fixed income investments
- Support for non-traditional bonds in target date solutions
- Preference for active management in return-seeking fixed income strategies
- Transition from mutual funds to collective investment trusts (CITs) for target date solutions
- 70% predict increased availability of in-plan emergency savings programs
The study, based on insights from 35 DC consultants and advisory firms managing over $7.5 trillion, highlights the evolving landscape of retirement planning and investment strategies.
Lo studio di consulenza sui contributi definiti 2024 di T. Rowe Price rivela tendenze chiave nella pianificazione della pensione. Il reddito pensionistico è diventato una priorità, con solo il 19% dei promotori del piano che non ha un'opinione al riguardo, rispetto al 59% nel 2021. La personalizzazione è vista come cruciale, specialmente per coloro che si avvicinano alla pensione, con un forte supporto per i conti gestiti come opzione su richiesta.
Altre scoperte includono:
- l'89% delle aziende si concentra maggiormente sulla diversificazione negli investimenti a reddito fisso
- supporto per obbligazioni non tradizionali nelle soluzioni a scadenza target
- preferenza per la gestione attiva nelle strategie di reddito fisso orientate al ritorno
- transizione dai fondi comuni ai fiduciari di investimento collettivo (CIT) per le soluzioni a scadenza target
- il 70% prevede un aumento della disponibilità di programmi di risparmio d'emergenza all'interno del piano
Lo studio, basato su informazioni provenienti da 35 consulenti DC e aziende di consulenza che gestiscono oltre 7,5 trilioni di dollari, evidenzia il panorama in evoluzione della pianificazione della pensione e delle strategie di investimento.
El estudio de consultores de contribución definida 2024 de T. Rowe Price revela tendencias clave en la planificación de la jubilación. Los ingresos de jubilación se han convertido en una prioridad, con solo el 19% de los patrocinadores del plan sin una opinión al respecto, una disminución del 59% en 2021. La personalización se considera crucial, especialmente para aquellos que se acercan a la jubilación, con un fuerte apoyo para cuentas gestionadas como opción optativa.
Otros hallazgos incluyen:
- el 89% de las empresas se centran más en la diversificación en inversiones de renta fija
- apoyo a bonos no tradicionales en soluciones de fecha objetivo
- preferencia por la gestión activa en estrategias de renta fija orientadas al rendimiento
- transición de fondos mutuos a fideicomisos de inversión colectiva (CIT) para soluciones de fecha objetivo
- el 70% predice un aumento en la disponibilidad de programas de ahorro de emergencia en el plan
El estudio, basado en información de 35 consultores de DC y empresas de asesoramiento que gestionan más de 7.5 trillones de dólares, destaca el panorama en evolución de la planificación de la jubilación y las estrategias de inversión.
T. Rowe Price의 2024년 확정 기여 컨설턴트 연구는 퇴직 연금 계획의 주요 트렌드를 밝혀냅니다. 퇴직 소득은 우선사항이 되었으며, 계획 후원자의 19%만이 이에 대해 의견이 없으며, 이는 2021년 59%에서 감소한 수치입니다. 개인화는 특히 퇴직에 가까운 사람들에게 필수적으로 여겨지며, 관리 계좌에 대한 강력한 지지가 있습니다.
기타 발견 사항은 다음과 같습니다:
- 89%의 기업들이 고정 수익 투자에서 다변화를 더 중시하고 있습니다
- 목표 날짜 솔루션에서 비전통적인 채권에 대한 지지
- 수익을 추구하는 고정 수익 전략에서의 능동적 관리 선호
- 목표 날짜 솔루션을 위한 뮤추얼 펀드에서 집합 투자 신탁(CIT)으로의 전환
- 70%는 계획 내 비상 저축 프로그램의 증가된 가용성을 예측합니다
이 연구는 35명의 DC 컨설턴트 및 7.5조 달러 이상의 자산을 관리하는 자문사로부터 얻은 통찰력을 바탕으로 하며, 퇴직 연금 계획 및 투자 전략의 진화하는 환경을 강조합니다.
L'étude des consultants en contributions définies 2024 de T. Rowe Price révèle des tendances clés dans la planification de la retraite. Le revenu de retraite est devenu une priorité, avec seulement 19 % des sponsors de plan n'ayant pas d'opinion à ce sujet, en baisse par rapport à 59 % en 2021. La personnalisation est jugée cruciale, en particulier pour ceux qui approchent de la retraite, avec un soutien fort pour les comptes gérés en tant qu'option sur demande.
D'autres observations incluent :
- 89 % des entreprises mettent davantage l'accent sur la diversification des investissements à revenu fixe
- soutien aux obligations non traditionnelles dans les solutions à date cible
- préférence pour la gestion active dans les stratégies de revenu fixe axées sur le rendement
- transition des fonds communs de placement vers des fiducies d'investissement collectives (CIT) pour les solutions à date cible
- 70 % prévoient une augmentation de la disponibilité des programmes d'épargne d'urgence intégrés au plan
L'étude, basée sur des informations provenant de 35 consultants DC et d'entreprises de conseils gérant plus de 7,5 billions de dollars, met en lumière l'évolution de la planification de la retraite et des stratégies d'investissement.
Die Studie zu den definierten Beitragsberatern 2024 von T. Rowe Price zeigt wichtige Trends in der Altersvorsorge auf. Altersvorsorge-Einkommen hat Priorität gewonnen, wobei nur 19 % der Planträger keine Meinung dazu haben, im Vergleich zu 59 % im Jahr 2021. Personalisierung wird als entscheidend angesehen, insbesondere für diejenigen, die sich der Pensionierung nähern, mit starker Unterstützung für verwaltete Konten als Opt-in-Option.
Weitere Ergebnisse umfassen:
- 89 % der Unternehmen legen mehr Wert auf Diversifizierung bei festverzinslichen Anlagen
- Unterstützung für nicht-traditionelle Anleihen in Zielterminlösungen
- Präferenz für aktives Management bei renditeorientierten festverzinslichen Strategien
- Übergang von gemanagten Fonds zu kollektiven Anlagefonds (CIT) für Zielterminlösungen
- 70 % prognostizieren eine erhöhte Verfügbarkeit von Notfallersparnisprogrammen im Plan
Die Studie, die auf Erkenntnissen von 35 DC-Beratern und Beratungsunternehmen basiert, die über 7,5 Billionen Dollar verwalten, hebt die sich wandelnde Landschaft der Altersvorsorge und Anlagestrategien hervor.
- Increased focus on retirement income strategies by plan sponsors
- Strong support for personalization and managed accounts as opt-in options
- Greater emphasis on diversification in fixed income investments (89% of firms)
- Preference for active management in return-seeking fixed income strategies
- Transition to more cost-effective collective investment trusts (CITs) for target date solutions
- Growing support for blended active and passive investment strategies in target date solutions
- Predicted increase in availability of in-plan emergency savings programs (70% of firms)
- None.
Annual Defined Contribution Consultant Study highlights viewpoints on key retirement trends and investment themes from 35 of the nation's leading consultant and advisory firms
The annual research suggests more DC plan sponsors are taking a stance on retirement income. In 2021, consultants and advisors described greater than half (
Another key finding highlighted that personalization is perceived as particularly beneficial as participants approach retirement, and there is strong support for managed accounts as an opt-in option offered on the investment menu. However, it seems unlikely that managed accounts will surpass target date solutions as the most common qualified default investment alternative (QDIA).
Several additional themes emerged from the study, including:
- Consultant and advisor perspectives on fixed income and capital preservation investments broadly are shifting as interest rates rise post-global pandemic. Findings show
89% of respondent firms have a "greater focus on diversification opportunities," when evaluating fixed income investment options compared to48% in 2021. - Results show support for adding or increasing an allocation to non-traditional bonds within target date solutions. Furthermore, when evaluating consultant and advisor implementation preferences for fixed income strategies, return-seeking fixed income approaches are consistently viewed as best implemented using active management (e.g., bank loans, emerging markets debt, high yield, and international or global bond.)
- Consultants and advisors overwhelmingly support the transition from target date solutions provided through mutual funds to collective investment trusts (CITs), primarily due to CIT's typically cost-effective fee structures. Survey results also highlighted growing support for target date solutions that employ a blended mix of active and passive investment strategies. A blend approach has the advantage of offering a potentially lower cost investment and reduced tracking error, while still maintaining the advantages of active management.
- Building emergency savings appears to be gaining in importance, with
70% of respondent firms predicting that in-plan emergency savings programs will become more commonly available in the next three to five years.
QUOTES
Michael Davis, Head of Global Retirement Strategy at T. Rowe Price, and former Deputy Assistant Secretary of the
"Every year, this study provides us with fresh insights about the evolving preferences and priorities of DC consultants, advisors, and their clients, as well as the opportunities they face in a retirement marketplace that's more dynamic than ever. It follows a new, agnostic, patent-pending framework we unveiled in June to help DC plan sponsors evaluate retirement income offerings and quantify which solutions may best fit the needs and preferences of their plan participants. By continually asking better questions, it is our aim to bring new and innovative solutions to market."
Jessica Sclafani, Global Retirement Strategist T. Rowe Price
"Consultants and advisors are looking for solutions that offer choice, personalization, flexibility and are cost-effective. This becomes especially clear when observing how drastically perspectives have shifted on retirement income in just three years reflecting plan sponsors' increased engagement on the topic. Our research shows there is no consensus solution when it comes to retirement income; however, consultants and advisors rank a systematic withdrawal capability, managed accounts with income planning feature, and target date investments with a managed payout feature as most appealing for the delivery of retirement income."
The Defined Contribution Study was conducted during the first quarter of 2024 and includes insights from 35 defined CONTRIBUTION (DC) consultants and advisory firms with more than
ABOUT THE DEFINED CONTRIBUTION STUDY
The 2024 Defined Contribution Study population includes 35 defined contribution consulting and advisory firms (
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US
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SOURCE T. Rowe Price Group
FAQ
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