Companies looking to reduce or eliminate pension risks through liability-driven investment, pension risktransfer solutions
The survey found an increasing number of employers expect to move to an “employee choice” benefits model over the next two years, giving employees greater responsibility for choosing the types and levels of benefits selected. “Just as employees have had to take on more responsibility for their retirement security, they will be taking on more responsibility for other benefits as well,” said
“Reinforcing what we are hearing from our clients, senior finance executives are looking at ways to limit the impact of benefits risks on their firms’ balance sheets,” said
With respect to defined contribution plans, the survey indicates senior finance executives are exploring stable value products, guaranteed income products, and enhancements to target-date funds to improve participant outcomes, because they are concerned that employees are delaying retirement decisions due to inadequate savings.
The survey also finds that finance executives continue to recognize the value their companies’ benefits programs have for attracting and retaining talent. “Facing a difficult economic environment and rising healthcare costs, companies are looking at ways to manage costs and reduce risk across the benefits spectrum while ensuring they remain competitive,” said
The survey was conducted from
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Copyright: | Copyright Business Wire 2012 |
Source: | Business Wire, Inc. |
Wordcount: | 728 |
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