Ayo Mseka has more than 30 years of experience reporting on the financial services industry. She formerly served as editor-in-chief of NAIFA’s Advisor Today magazine. Contact her at [email protected].
Small and medium-sized businesses are showing stronger current financial health and an increase in hiring despite the ongoing impacts of COVID-19.
More than 50% of small firms said they aim to offer a better benefits package than their competitors to attract and retain talent in the future.
One in five (21%) of Americans said that they are currently providing care for someone, and among them, nearly six in ten (59%) said that they have had to take on new or expanded caregiving responsibilities during the pandemic.
This has been a roller-coaster year for many advisors as they deal with the challenges of moving their practices to…
A new survey reports that a full 52% of American workers say their retirement savings are not where they need to be. A further 16% are not sure whether they’re on track.
Seniors and Medicare patients have a lot of things to look forward to in 2022, including added benefits, but costs are definitely increasing as well.
A new survey finds that among those who report having ever combined finances in a relationship, two in five (43%) confess to committing an act of financial deception.
Most advisors are looking for steps to make sure they finish the year strong. Here are a few tips on how to use the final weeks of the year to make 2021 a strong campaign.
As advisors and agents set goals for themselves, they should keep three things in mind if they want to increase their chances of success, experts say.
Ninety-one percent of investors say it is important that their retirement income plan is designed to provide a guaranteed income payment or principal protection.
American workers are concerned about retiring in a market downturn and losing a significant portion of their life savings when they need it the most, a new survey finds.
According to the American Association for Long-Term Care Insurance (AALTCI), the number of individuals who purchased traditional LTCI products declined last year.
The pandemic prompted 44.5 million Americans to have first-time discussions about topics such as finances, health and legal plans.
The premium for being the primary firm (where the most money is kept), is up 14 percentage points, going from 65% in 2010 to 79% in 2020.
Employees (62%) are also very satisfied with their employment-based retirement savings plans. In fact, 60 % of them say that their retirement plans continue to be an anchor of financial well-being, which is a 5% increase from 2020.
The life insurance sector remains a highly rated sector, a panel from S&P Global Ratings agreed. Ninety-two percent of companies are rated A or higher, and 93% have a stable outlook.
Most employees expect their workplace benefits to play a larger role in their future job selection (68%) and in their household financial decisions (61%), according to a survey by Voya Financial.
Forty-five percent of businesses see access to a financial professional as the most useful financial-wellness offering for employees.
In its 2021 Insurance M&A Outlook, Deloitte noted that the number of insurance deals for 2021 to date is up by 18%, and the aggregate deal value is about four times higher than in 2020.
The pandemic has highlighted health concerns and is a special challenge for those who need long-term care services.
