Many organizations recognize the need for an insider risk capability but are not sure where to start. The good news is organizations typically already have the necessary components.
As the COVID-19 pandemic propelled consumers down the path of holistic financial wellness, its growing importance spurred LIMRA to work with a task force of association members to define and measure consumer financial wellness.
This is a summary of interviews with financial professionals to gauge awareness of financial wellness programs and find out what distinguishes financial wellness from traditional financial planning.
While few advisors are well-versed in multiple employer 401(k) arrangements — the MEP marketplace — most want to learn more about how SECURE opens up this market to them by enabling open MEP arrangements (aka PEPs), creating an opportunity for recordkeepers and other stakeholders to help advisors explore these new market opportunities.