A new Genworth survey finds that Americans whose parents set good financial examples are more likely to be among the 62 percent of Americans who have a financial plan and feel confident in their financial future.
The first results of the Psychology of Financial Planning Survey, released today by Genworth, are part of a series of research findings that will be issued throughout 2013. The purpose of the survey was to gain insights into the psyche of Americans about what prompts or restricts them from planning for their financial futures.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54347-genworth-lesson-learned-parents-good-example-key-to-financial-preparedness
Despite signs of economic recovery, a new survey says Americans’ confidence in their ability to afford a comfortable retirement remains at historic lows as workers appear to be grasping the realities of what they need to save.
The 2013 annual Retirement Confidence Survey, released today by the nonpartisan Employee Benefit Research Institute (EBRI) in Washington, and co-sponsored by the Principal Financial Group®, finds overall confidence levels are essentially unchanged since the record lows set in 2011. Only 13 percent are very confident they will have enough money for a comfortable retirement. A full 28 percent1— the highest number recorded during the 23 years of the survey—are not at all confident.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60106-principal-financial-group-ebri-retirement-savings-confidence-survey
With an estimated 1.2 billion young people between the ages of 15 and 24, the vast majority of them living in developing countries, youth are both a policy and political priority for many countries around the world. These numbers represent major development challenges, but also great opportunity.
Youth are particularly vulnerable to economic problems. They often do not have access to savings accounts, credit, or insurance due to lack of education and employment. Governments are aware of this and many are working to make it easier for young people to access financial services so they can transition smoothly into adulthood.
To view Multimedia News Release, go to http://www.multivu.com/mnr/56883-cgap-changing-mindsets-on-youth-opportunity-and-financial-services
Today’s financial services firms face myriad challenges, yet many remain confident in their business prospects, finds research from the recently released Robert Half Financial Services Global Report: Navigating Change in an Evolving Regulatory Landscape. Based on a global survey of 1,100 executives, the report examines firms’ most pressing business concerns, confidence levels and reactions to recent regulatory changes.
To view the Multimedia News Release, go to http://www.multivu.com/mnr/55078-robert-half-financial-report-navigating-change-regulatory-landscape
ADP®, a leading provider of human capital management services, today announced the launch of myALINE, a new financial management platform designed to provide employees who receive their wages via ALINE Pay by ADP® from employers who are ADP SmartCompliance clients with a new way to help manage their pay. Accessible both online and via mobile devices, the new platform offers an exceptional level of financial visibility, helping employees to better understand how, when and where they’re spending their money. In addition, myALINE helps make it possible for employees to proactively manage their tax- and related-payroll information, and also helps to streamline payroll management and reduce costs for employers.
To view Multimedia News Release, go to http://www.multivu.com/mnr/62693-adp-myaline-money-manage-online-and-mobile-platform-empowers-consumers
In an effort to help attract a new generation of professionals to the investment advisory industry, TD Ameritrade Institutional has awarded its inaugural scholarships to 10 deserving and talented students enrolled in undergraduate financial planning programs.
To view Multimedia News Release, go to http://www.multivu.com/mnr/62276-td-ameritrade-scholarships-to-foster-new-generation-of-financial-planners
Americans have a bit of a superiority complex when it comes to grading their financial prowess. Genworth’s latest Psychology of Financial Planning research reveals that more than half (52%) of Americans gave themselves an A or B grade on their saving and investing knowledge, while giving the average American a failing grade of D. What nearly everyone (97%) can agree on, however, is the importance of financial literacy and the fact that they don’t have enough (88%). In fact, 58 percent of respondents blamed lack of financial education as a top reason why pre-retirees don’t have enough money saved for retirement.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54348-genworth-financial-research-series-psychology-of-financial-planning
Doing alright financially? The answer, if you’re 25 to 34 years old, depends on your friends, according to a new survey from the American Institute of CPAs and the Ad Council. They released the results today to coincide with a new series of national public service advertisements and a redesigned website for their Feed the Pig financial literacy campaign.
To view Multimedia News Release, go to http://www.multivu.com/mnr/64083-ad-council-aicpa-young-adult-financial-literacy-campaign
Consumers perceive annuities more positively than financial professionals give them credit for, according to The Future of Retirement Income, a new study released by Genworth.
The study, a culmination of in-depth interviews, focus groups and quantitative surveys with financial professionals, annuity owners and non annuity owners, revealed that 68 percent of non annuity owners have a neutral to positive impression of annuities. For annuity owners, it’s even higher: 91 percent neutral to positive. In addition, the majority of annuity owners are satisfied with access to their account, fees and asset growth.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54358-genworth-financial-pros-underestimate-appeal-of-annuities-among-consumers
Northwestern Mutual will debut new, financial planning themed advertising during the January 1 broadcast of the Rose Bowl Game on ABC.
The spots, created by Olson in Minneapolis, Minn., are the latest iteration in Northwestern Mutual’s successful “Columns” campaign. Running since 2010, the ads showcase visually distinctive imagery that conveys the company’s financial strength and the importance of financial security to its current and prospective clients.
To view the Multimedia News Release, go to http://www.multivu.com/mnr/59534-northwestern-mutual-financial-planning-ad-rose-ball-game-abc
UCLA Anderson School of Management and the G. and R. Loeb Foundation invite journalists from print, online and broadcast media to submit entries in 14 competition categories and nominations for two career achievement awards for the 2014 Gerald Loeb Awards for Distinguished Business and Financial Journalism.
To view the Multimedia News Release, go to http://www.multivu.com/mnr/64904-ucla-anderson-school-gerald-loeb-awards-best-in-business-journalism-2014
In honor of Women’s History Month, Barclaycard US, the payments business of Barclays in the US, has launched Be Your Possible, a four-week campaign focused on promoting increased financial literacy for women. Headed by Barclaycard’s Women’s Initiative Network (WIN), Be Your Possible will provide the 60 percent of women who report that their greatest financial priority is “just getting by” or paying off debt1 with a place to go to find the inspiration, support and knowledge they need to improve their financial understanding and reach their personal financial goals. The campaign includes a contest for Barclaycard US Facebook fans with $40,000 in total financial support to help them achieve their personal goals.
To view the Multimedia News Release, go to http://www.multivu.com/mnr/66053-barclaycard-us-be-your-possible-financial-support-literacy-campaign-women
