The Corporate Insight Blog provides our clients with current and upcoming digital trends, news, and insights across financial services industries on variety of digital topics including mobile finance, social media, online financial platforms, user experience best practices and other hot-button tech issues.
It’s official: Acorns entered the $28.21 trillion with Acorns Later, which offers Roth, traditional and SEP IRA accounts under the Acorns investing model. The launch, which came at the end of April, follows Acorn’s acquisition of Portland-based retirement fintech firm Vault in November 2017. Acorns Later follows the formula of a standard Acorns account, where […]
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 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 […]
Transamerica highlights the connection between health and wealth with the recent revamp of its business, including a new public site, a partnership with a workplace benefit administration firm and a test version of a new financial app. The app is separate from the existing retirement account app, My TRSRetire, and can be used by anyone. […]
Each February, Corporate Insight’s Retirement Plan Monitor – Institutional service releases a Plan Sponsor Update Report that reviews major plan sponsor site enhancements, highlights emerging trends and offers forecasts for the digital sponsor space. This year, 43% of coverage group firms released significant enhancements that we analyze in the report. There was moderate consistency regarding […]
It is not even midway through February, and already half of Retirement Plan Monitor’s 20 coverage group firms have introduced new educational content to participant websites this year. Five firms added tools, and another five added resources that cover retirement and financial wellness topics. For the past two years, the Year in Review portion of […]
Over the course of 2017, multiple Retirement Plan Monitor coverage group firms launched new mobile apps and revamped existing apps, integrating more account data, introducing transaction capabilities and harnessing new mobile technologies to add app features. These are all welcomed enhancements as Americans continue to increase their already-high level of dependency on mobile devices for […]
We are excited to announce the release of Corporate Insight’s 2017 Monitor Awards, our annual reports that recognize firms across our coverage groups for excellence in the digital user experience they offer prospects, clients and advisors. Throughout January, we will be releasing a series of slide decks highlighting gold-medal-winning firms in each of our financial […]
The retirement industry continues to seek ways to better engage participants with the retirement planning process and more effectively communicate the status of their portfolios. As a result, the retirement portfolio summary user experience has evolved and resulted in three key trends: the rise in distinct homepages and account-specific dashboards, increased dashboard or homepage retirement […]
The topic of how to drive engagement among defined contribution plan participants is one of the most prevalent conversations in the retirement plan industry today. It is also a topic that pervades both our Retirement Plan Monitor and Retirement Plan Monitor – Institutional research; employee engagement resources was the topic of our October RPM – […]