Benefit management

Advisers who are averse to change may face an uphill battle when it comes to attracting new clients.

Advisers should focus on bringing new holistic financial wellness offerings to clients.

Workers, 35 and under, view stock plan benefits differently than older generations, and want greater participation in companies’ growth potential.

Baby boomers expect Social Security to be their primary source for paying for retirement, while Generation Xers and millennials are looking at other means, says Wells Fargo.

By getting more information in front of workers, benefit managers can help them make smarter decisions and select the best options.

As a way to improve employee retention, companies are increasingly offering benefits like adoption and surrogacy reimbursement to create a fully inclusive and diverse workplace.

Baby boomers expect Social Security to be their primary source for paying for retirement, while Generation Xers and millennials are looking at other means, says Wells Fargo.

The number of employers offering workers student debt help has risen to 8% from 4%, according to SHRM.

The son of the late Supreme Court justice is “highly respected,” industry leaders say, noting the younger Scalia’s industry and institutional knowledge would be a benefit to businesses.