Today, employees’ retirement planning is becoming increasingly complex. According to research, the average employee has nine retirement accounts, with about half inappropriately allocated in their retirement plans, and eight in ten struggling to feel confident about their financial situation.
It is clear that many would benefit from financial advice, and are now turning to their employers to provide this for them. However, employers are struggling to design plans that offer the right levels of help for all of their employee segments and are concerned over fiduciary due diligence in selecting and monitoring advice providers. The Financial Times in association with Fidelity Investments is delighted to present this private breakfast roundtable entitled, Rethinking Defined Contribution Plans: Strategies for improving participant outcomes. This breakfast roundtable will bring together Heads of HR and Heads of Benefits from different industry sectors to discuss how organizations recognize and support the broad range of retirement planning and investment needs of all individual employees, and how fiduciary advice providers and employees can help employers design optimal plans that deliver improved outcomes for participants.