PLANADVISER - Winter 2023 - 15
Cover Story
ANEXT?
T'S
Pivot points for the
adviser industry in 2024
R
etirement plans are changing from both the participants'
and the advisers' perspectives, and 2024
promises to bring more changes.
Jane Greenfield of Vanguard, points to the challenging
economic conditions that participants face-record inflationary
pressures, high interest rates and, for many
workers, student loan debt. While automated solutions
have done a tremendous job of keeping most participants
on track for retirement, it is not enough for many, she says.
In those cases, the availability of additional services such
as financial wellness programs and managed accounts can
improve retirement outcomes.
At the same time, plan advisers and plan sponsors face
a changing environment. Merger and acquisition activity is
reshaping the advisory industry and allowing larger firms
to pursue the potential benefits of consolidation and scale.
Implementing the SECURE [Setting Every Community Up
for Retirement Enhancement] 2.0 Act's changes by the
required dates will mean modifications to clients' plans.
Also, the growing role of 3(38) advisers as decisionmakers
and the melding of plan advisory and wealth management
services is shifting the competitive landscape.
Employees and plan sponsors remain focused on retirement
income. Amelia Dunlap of Nationwide says employees
are concerned about their financial future and seek solutions
to provide reliable income throughout retirement.
There is also a strong imperative for employers to help, she
says. " Not only can these solutions improve workers' financial
security, but they can also help with retention, as eight
in 10 businesses see employees leaving for better benefits. "
Given the convergence of these multiple trends, is
the retirement plan industry approaching a new inflection
point? PLANADVISER asked several experts for their
thoughts on what to expect next year.
Art by Mar Hernández Plan Management | Winter 2023 | planadviser.com 15
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PLANADVISER - Winter 2023
Table of Contents for the Digital Edition of PLANADVISER - Winter 2023
Publisher’s Note
Just the Facts
On the Move
Nuts & Bolts
What’s Next?
Best Foot Forward
2023 PLANADVISER National Conference
Cybersecurity Conference
Let It Ride
Cultivating Connections
The Risks of Custom TDFs
Managed Account Services
People-Savvy
Be Sure They Get the Message
End Paper
PLANADVISER - Winter 2023 - Cover1
PLANADVISER - Winter 2023 - FC1
PLANADVISER - Winter 2023 - FC2
PLANADVISER - Winter 2023 - Cover2
PLANADVISER - Winter 2023 - 1
PLANADVISER - Winter 2023 - Publisher’s Note
PLANADVISER - Winter 2023 - 3
PLANADVISER - Winter 2023 - Just the Facts
PLANADVISER - Winter 2023 - 5
PLANADVISER - Winter 2023 - 6
PLANADVISER - Winter 2023 - 7
PLANADVISER - Winter 2023 - On the Move
PLANADVISER - Winter 2023 - 9
PLANADVISER - Winter 2023 - 10
PLANADVISER - Winter 2023 - 11
PLANADVISER - Winter 2023 - Nuts & Bolts
PLANADVISER - Winter 2023 - 13
PLANADVISER - Winter 2023 - What’s Next?
PLANADVISER - Winter 2023 - 15
PLANADVISER - Winter 2023 - 16
PLANADVISER - Winter 2023 - 17
PLANADVISER - Winter 2023 - 18
PLANADVISER - Winter 2023 - Best Foot Forward
PLANADVISER - Winter 2023 - 20
PLANADVISER - Winter 2023 - 21
PLANADVISER - Winter 2023 - 2023 PLANADVISER National Conference
PLANADVISER - Winter 2023 - 23
PLANADVISER - Winter 2023 - 24
PLANADVISER - Winter 2023 - 25
PLANADVISER - Winter 2023 - Cybersecurity Conference
PLANADVISER - Winter 2023 - 27
PLANADVISER - Winter 2023 - Let It Ride
PLANADVISER - Winter 2023 - 29
PLANADVISER - Winter 2023 - 30
PLANADVISER - Winter 2023 - 31
PLANADVISER - Winter 2023 - Cultivating Connections
PLANADVISER - Winter 2023 - 33
PLANADVISER - Winter 2023 - The Risks of Custom TDFs
PLANADVISER - Winter 2023 - 35
PLANADVISER - Winter 2023 - Managed Account Services
PLANADVISER - Winter 2023 - 37
PLANADVISER - Winter 2023 - People-Savvy
PLANADVISER - Winter 2023 - Be Sure They Get the Message
PLANADVISER - Winter 2023 - End Paper
PLANADVISER - Winter 2023 - Cover3
PLANADVISER - Winter 2023 - Cover4
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