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T. ROWE PRICE EXPERTS SHARE 2025 OUTLOOK FOR U.S. RETIREMENT LANDSCAPE
Thursday, January 23, 2025
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.
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