Experts discuss the continued evolution of target date and
default investment options, the increasing adoption of retirement
income solutions, and the growing momentum for emergency savings
programs
BALTIMORE, Jan. 15,
2025 /PRNewswire/ -- T. Rowe
Price, a global investment management firm and leader in
retirement, today held its annual U.S. Retirement Market Outlook
press briefing, offering research-based insights on major themes
expected to shape the retirement landscape in 2025. A select panel
of the firm's retirement experts shared their perspectives on
trending topics that will present challenges and opportunities this
year for the industry and retirement savers.
"As the retirement landscape continues to evolve, industry
leaders must remain agile and forward-thinking in order to best
serve the needs of today's and future retirees," said Michael Davis, head of global retirement
strategy at T. Rowe Price and host
of the panel. "Our priority at T. Rowe
Price is to stay ahead of the curve, continuously
anticipating shifts in policy, demographics, and technology to
deliver innovative retirement solutions that put our clients on the
path toward better retirement outcomes."
The panel featured commentary from Kathryn Farrell, target date portfolio
specialist; Jessica Sclafani, global
retirement strategist; Rachel Weker,
senior retirement strategist; and Aliya
Robinson, director of congressional affairs.
Key topics from the discussion included:
- Continued evolution of Qualified Default Investment
Alternatives (QDIAs) that use underlying target date
strategies, collective investment trusts, and the demand for more
personalization.
- Increasing interest in retirement income solutions amid
a growing desire from plan sponsors to keep their participants
in-plan and offer a range of diverse solutions.
- Growing momentum of emergency savings programs,
translating into expanded access to solutions, increased
participant engagement, and balancing near-term financial needs
with retirement outcomes.
- Concerted effort expected from Congress to increase coverage,
expand access to retirement plans, and increase retirement
income options.
Davis continues, "As we look to 2025 and beyond, T. Rowe Price remains committed to equipping our
clients with knowledge, resources, and tools that empower them to
make informed decisions, build financial security, and navigate the
complexities of an evolving retirement landscape with confidence
and peace of mind."
The full detailed 2025 U.S. Retirement Market Outlook can be
found here.
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price
(NASDAQ – GS: TROW) helps individuals and institutions around the
world achieve their long-term investment goals. As a large global
asset management company known for investment excellence,
retirement leadership, and independent proprietary research, the
firm is built on a culture of integrity that puts client interests
first. Clients rely on the award-winning firm for its retirement
expertise and active management of equity, fixed income,
alternatives, and multi-asset investment capabilities. T.
Rowe Price serves millions of
clients globally and manages US $1.61
trillion in assets under management as of December 31, 2024. About two-thirds of the assets
under management are retirement-related. News and other updates can
be found on Facebook,
Instagram, LinkedIn, X, YouTube,
and troweprice.com/newsroom.
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SOURCE T. Rowe Price Associates, Inc.
