Irene Park

“We find ourselves moving — ever so tentatively — into a financial future with seemingly only one certainty: It will likely be very different than the investment world in which we all grew up,” Putnam Investments CEO Robert Reynolds said at a recent industry event.

More than one-third (37%) of respondents in a Franklin Templeton poll say they are more concerned about outliving their assets or having to make major sacrifices to their retirement plans today than 12 months ago.

According to a new report, defined contribution plan participants often contribute less and withdraw more than industry expectations, lowering performance.