WINDSOR, Conn., April 14, 2021—According to recent Secure Retirement Institute® (SRI®) data, only half of workers who have experienced job or income loss since March 2020 are confident they are saving enough money for retirement, compared to 63% of workers who have not experienced a loss. Retirement industry leaders representing investment, workplace savings, and annuity businesses will come together at the 2021 Retirement Industry Conference to focus on the importance of being financially prepared for retirement, particularly given the pandemic and its economic effects.
The conference, hosted jointly by SRI and the Society of Actuaries (SOA), will be held virtually May 12-13, to look at developments in the retail and institutional retirement industries.
Global Trend Watcher and Harvard Lecturer Vikram Mansharamani will open the conference with a discussion of how to look differently at the financial services industry to identify risks and capture opportunities.
Another keynote speaker, Preston Rutledge, founder and principal of Rutledge Policy Group and former head of the U.S. Department of Labor’s Employee Benefits Security Administration, will look at past retirement-related changes like the SECURE Act and pooled employer plans, and what the future holds for retirement policy and regulations.
Other highlights include:
- Retirement Risks and Concerns: Steven C. Siegel, ASA, senior practice research actuary, SOA, will moderate a panel with Carol Bogosian, president of CAB Consulting, and Anna Rappaport, FSA, MAAA, chair of the SOA Committee on Post-Retirement Needs and Risks. They will discuss SOA retirement risk surveys, which give insights into how individuals view retirement risks and the impact of COVID-19 on consumers’ concerns.
- The Future of Work: Frank Breitling, managing director & partner, Boston Consulting Group, and Katie Lavoie, principal, Boston Consulting Group, will discuss what the future of work might look like and how financial services companies can balance customers’ changing needs with evolving internal demands.
- Annuity Market and Forecast Overview: SRI’s Todd Giesing, assistant vice president, and Teddy Panaitisor, senior research analyst, will give an overview of the annuity market and a forecast of where they expect the annuity market to go in the future.
Members of the press are welcome to attend the event at no cost. Please email media contacts below for more details.
Visit the 2021 Retirement Industry Conference site for more information and to register online.
About Secure Retirement Institute®
The Secure Retirement Institute® (SRI®) helps its members advance retirement readiness and the financial security of their clients through research, peer forums, education and innovation. Members develop valuable relationships and build a bridge to the future. For information on the Secure Retirement Institute, visit: www.limra.com/sri.
About the Society of Actuaries
With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization with more than 32,000 actuaries as members. Through research and education, the SOA’s mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal challenges. The SOA’s vision is for actuaries to be the leading professionals in the measurement and management of risk.