Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
WASHINGTON, Jan. 2 -- The Financial Services Roundtable issued the following news release:
The Financial Services Roundtable applauds Congressional passage of a deal to avert the fiscal cliff, helping the United States economy stave off another economic downturn.
"Stable fiscal policies that promote economic growth and investment boost America's economy and financial markets. While the legislation passed last evening temporarily swerves America away from the fiscal cliff, another cliff now looms again just around the next corner," said Tim Pawlenty, president and CEO for the Roundtable. "We look forward to working with the Administration and the next Congress to address corporate tax reform, spending reform and the challenges posed by reaching the debt ceiling."
The Financial Services Roundtable represents 100 integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.
Roundtable member companies provide fuel for America's economic engine, accounting directly for $98.4 trillion in managed assets, $1.1 trillion in revenue, and 2.4 million jobs.
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