- Willis Towers Watson, a global financial advisory firm, released its 10 Investment Actions for DB Plans in 2017. The company offers advice on planning, structuring and carrying out investment plan strategies.
- The firm advises companies use technology to evaluate investment tools for defined benefit plans. It adds that technology can also help companies manage pension plan costs.
- Like most investment advisers, WTW strongly advocates diversifying portfolios. The firm says that a diversified portfolio can better withstand volatility in the markets.
Studies find that employees haven’t saved enough for retirement and are worried about their financial prospects. One study, the Addison Group’s Third Annual Workplace Survey, recommends that HR bring financial experts like WTW and others into the workplace to talk with employees about saving and investing.
With the fiduciary rule on the horizon, employers are turning to new solutions to mitigate risk and assist employers, including robo-advisers.