Back in the 1990s, the concept of 360-degree feedback really started to resonate with those in the human resources industry, particularly in the United States. The idea is fairly simple – that the true gauge of an employee’s performance should be based not solely upon the opinion of their manager, but rather on an amalgam of feedback from superiors, subordinates, and peers. The intent is to create a circle of input from those above, below, and around the employee to provide valuable feedback that will allow the employee to improve. As we now stride towards the midpoint of the Twenty-First Century’s second decade, it is the U.S. retirement industry that must adapt this concept to build upon successes of the Pension Protection Act of 2006 (2006 Act) in the goal of creating better retirement outcomes for U.S. savers. This is the primary finding of “A 360 Degree Approach to Preparing for Retirement,” a report authored by my firm, CREATE-Research, and sponsored by the Principal Financial Group. Read more
Posts tagged ‘Create Research’
The debt crisis is forcing investors of all stripes to reassess their goals, according to the 2013 Principal Global Investors/CREATE-Research report entitled Investing in a Debt-Fuelled World. The report reveals that high returns are no longer the be-all and end-all of investment goals. Investors will increasingly distinguish between “product alpha” and “solutions alpha.” The first is about beating the markets and the second about meeting investors’ predefined needs.
This shift from wants to needs will be the most enduring legacy of the 2008 crash. It will also remain the key driver of innovation over the rest of this decade, as ageing populations ensure that 75% of retail assets are held by retirees or near-retirees over the next five years. Hence, new asset-allocation and risk-management tools will continue to emerge in three core investor segments:
- Defined benefit (DB) plan,
- Defined contribution (DC) plans
- Mass market investors. Read more