Pension managers could be doing a better job of guiding retirees with their post-work pension planning.For decades, defined contribution (DC) retirement plans have helped address the needs of individuals leading up to retirement. However, plan sponsors have made little progress in addressing individuals’ needs during retirement itself, according to Insight Investment, a sponsor of the NeuGroup for Pension and Benefits’ recent meeting. Retirement anxiety. There is a lot of unease for employees on the verge of retiring, as they worry about funding their non-working lives. It…
