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Retirement Industry People Moves

Retirement Industry People Moves
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Retirement Industry People Moves

Retirement Industry People Moves
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Institutional Retirement Income Council taps new executive director

Institutional Retirement Income Council taps new executive director
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Retirement Plan Outlook for 2021

Industry leaders weigh in on what trends plan consultants should monitor in the year ahead. What developments might impact retirement plans in 2021? We asked several industry leaders for their thoughts about the trends plan consultants should monitor during the year ahead. Beth Ashmore Willis Towers Watson Heading into 2021, we think that sponsors will look to leverage their retirement plans to support employees’ financial security and seek innovative ways to deliver those benefits and manage risk. The Department of Labor will be working on finalizing requirements for Pooled Employer Plans, the development of which may accelerate the pace of innovation. There are currently bipartisan bills in the House and the Senate that are intended to continue the themes of the SECURE Act increasing access to retirement plans funds and easing plan administration, and President-elect Biden had a few retirement proposals as part of his platform that may be taken up in the new year. An

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Ireland
Washington
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Robert-melia

2020 Retirement Advisor Plan Year in Review

In looking at 2020, sponsors were just beginning to process the implications of the SECURE Act when they were forced to deal with the implications of COVID-19 and the racial unrest from the summer. The net effect is that employers have focused particular attention on how retirement programs provide flexibility and support for individual employees’ needs. For example, there was a rush of activity related to addressing the provisions in the CARES Act that allowed employees access to their retirement accounts via loans and withdrawals. Companies’ increased commitment to inclusion and diversity has led to a focus on how retirement plan provisions support those objectives and identifying whether there are segments of the employee population that are at risk from a financial security perspective.

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America
Robert-melia
Beth-ashmore
Anthony-bunnell
Pete-welsh
Byron-beebe
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Head-of-retirement-services
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