Our daily roundup of retirement news your clients may be thinking about.
Retirement confidence is up, but why? Retirement savers in the U.S. and other countries feel more confident that they would achieve their targets, with 51% of American respondents with employer-sponsored retirement plans saying that they are very confident about meeting their goals, according to a survey commissioned by State Street Global Advisors. The growing retirement confidence can be attributed to the improvement in the economy, said Fredrik Axsater of State Street Global Advisors. However, another survey by the Employee Benefit Research Institute and Greenwald & Associates finds that the confidence is expressed entirely by those who have a retirement plan, a traditional pension plan or a defined contribution plan. --CNBC
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