Claire Daly

Email: cdaly@corporateinsight.com

Author's Posts

The Retirement Industry Has a Participant Engagement Problem

May 13, 2019 by
A recently published white paper from Dream Forward Solutions, a retirement plan provider specializing in AI, asserts that the average American lacks the necessary knowledge to engage with their retirement plan effectively. In three parts, the firm breaks down data it gathered from its proprietary chatbot, considers how to address the obstacles to saving more […]

Best Practices: Retirement Plan Participant Phone App Home Screens

April 15, 2019 by
In Corporate Insight’s recent Retirement Plan Monitor Report regarding participant phone app home screens and plan dashboards, we determined best practices that emerge for three main aspects of the user experience: approach (i.e., comprehensive vs. multi-screen landing pages), plan data and resources.   Home Screen Approach Best Practices Most recordkeepers take a multi-screen approach: Include […]

2018 Plan Sponsor Site Enhancements

March 27, 2019 by
Throughout 2018, Retirement Plan Monitor – Institutional coverage set firms improved site features and unveiled new capabilities and resources. Three prominent trends embody most of the changes that recordkeepers made to sponsor sites: the modernization of user interfaces, an increased focus on mobile capabilities and the continued development of plan health resources. In addition, multiple […]

One Year On: Oregon Debuts First State-Sponsored IRA Plan for Private Sector Employees, Individual Workers

December 19, 2018 by
Retirement has historically hinged on a variety of income sources, including personal savings, Social Security benefits and defined benefit pension plans. All of these have become less reliable since the Great Recession in 2008, with debt and cost of living inhibiting saving, private-sector pension plans nearing extinction and the future of Social Security looking uncertain. […]

New and Improved Retirement Planners Help Prepare for the Future

October 31, 2018 by
Since Corporate Insight last reviewed retirement income projection tools in November 2016, firms consistently introduced new, high-quality planners and enhanced existing ones. AXA introduced its first income projection tool in February of this year. Another four firms—Charles Schwab, Empower Retirement, MassMutual and Vanguard—completely overhauled their retirement income projection tools. Each of the five firms’ new […]

New VALIC Plan Sponsor Site Leverages Digital Trends and Best Practices to Enhance User Experience

September 28, 2018 by
VALIC’s new plan sponsor site represents a significant step forward and it is now among the more modern sites within the Retirement Plan Monitor – Institutional coverage group.The new site, called SponsorFIT and part of VALIC.com, is designed for plan sponsors and closely resembles its participant site counterpart. “FIT” stands for “Futures. Individually Tailored.” and […]

No Standard for Retirement Readiness

August 30, 2018 by
Retirement readiness serves as a strong indicator of retirement plan health. As discussed in Corporate Insight’s recent plan-level data report, readiness is a highly variable metric though is generally defined numerically through projected income replacement ratio and other related markers. What constitutes a healthy minimum income replacement ratio, however, is less than agreed upon as […]

TIAA Shakes Up the Plan Sponsor Digital Space with New Mobile App

July 26, 2018 by
In our research at Corporate Insight, we often refer to the proliferation of mobile platforms within the retirement industry as a sign of modernization and innovation. For the past two years, our Monitor Awards have discussed a burgeoning, industry-wide investment in native apps. Earlier this year, we published a blog post that considered the influx […]

An Increase in Retirement Healthcare Costs Signals a Need for More Information

May 11, 2018 by
This year the standard retiring couple will require an extraordinary $280,000 after taxes for medical expenses alone. Women will require $147,000 in retirement, while men will need $133,000, according to a new Fidelity study. These estimates represent a nearly 2% increase—the smallest increase since 2014—from last year’s average cost of $275,000 and do not account […]

After Enhancing Retirement Readiness Resources, Firms Turn Their Attention to Holistic Financial Wellness

April 12, 2018 by
After bolstering their retirement readiness resources, firms have now moved to improve their general financial wellness educational offerings. In recent weeks, Voya Financial and John Hancock introduced new financial wellness tools and refined existing resource organization, making their general financial education suites more robust and easier to browse. John Hancock rebranded the My Learning Center […]