Disrupting Finance: Digital Retirement Plan Advice

As workplace retirement savings plans in markets like Australia, the UK, and the US shift from guaranteed pensions to employee-directed retirement plans such as 401(k)s, the burden of retirement investing shifts from professional pension fund managers to the individual retirement plan participant. But many adults are not equipped to formulate an investment strategy for their retirement assets — and employers and retirement plan providers don't address the need effectively. Digital retirement plan advice platforms such as Financial Engines and Rebalance IRA seek to fill this gap, using software to give retirement plan participants specific recommendations that help them get more out of their retirement investments. Read this report to learn who the main players are and to assess their disruptive potential.