T. ROWE PRICE EXPERTS SHARE 2025 OUTLOOK FOR U.S. RETIREMENT LANDSCAPE

Rhea-AI Summary

T. Rowe Price held its annual U.S. Retirement Market Outlook press briefing, presenting key insights for the 2025 retirement landscape. The event, led by Michael Davis, head of global retirement strategy, featured expert discussions on major industry trends and challenges.

Key focus areas included the evolution of Qualified Default Investment Alternatives (QDIAs) using target date strategies, growing interest in retirement income solutions, expansion of emergency savings programs, and expected Congressional efforts to increase retirement plan coverage and options.

The panel emphasized the importance of adapting to policy, demographic, and technological changes to deliver innovative retirement solutions. The discussion highlighted the industry's focus on keeping participants in-plan while offering diverse solutions and balancing near-term financial needs with long-term retirement outcomes.

Experts discuss the continued evolution of target date and default investment options, the increasing adoption of retirement income solutions, and the growing momentum for emergency savings programs

BALTIMORE, Jan. 15, 2025 /PRNewswire/ -- T. Rowe Price, a global investment management firm and leader in retirement, today held its annual U.S. Retirement Market Outlook press briefing, offering research-based insights on major themes expected to shape the retirement landscape in 2025. A select panel of the firm's retirement experts shared their perspectives on trending topics that will present challenges and opportunities this year for the industry and retirement savers.

"As the retirement landscape continues to evolve, industry leaders must remain agile and forward-thinking in order to best serve the needs of today's and future retirees," said Michael Davis, head of global retirement strategy at T. Rowe Price and host of the panel. "Our priority at T. Rowe Price is to stay ahead of the curve, continuously anticipating shifts in policy, demographics, and technology to deliver innovative retirement solutions that put our clients on the path toward better retirement outcomes."

The panel featured commentary from Kathryn Farrell, target date portfolio specialist; Jessica Sclafani, global retirement strategist; Rachel Weker, senior retirement strategist; and Aliya Robinson, director of congressional affairs.

Key topics from the discussion included:

• Continued evolution of Qualified Default Investment Alternatives (QDIAs) that use underlying target date strategies, collective investment trusts, and the demand for more personalization.
• Increasing interest in retirement income solutions amid a growing desire from plan sponsors to keep their participants in-plan and offer a range of diverse solutions.
• Growing momentum of emergency savings programs, translating into expanded access to solutions, increased participant engagement, and balancing near-term financial needs with retirement outcomes.
• Concerted effort expected from Congress to increase coverage, expand access to retirement plans, and increase retirement income options.

Davis continues, "As we look to 2025 and beyond, T. Rowe Price remains committed to equipping our clients with knowledge, resources, and tools that empower them to make informed decisions, build financial security, and navigate the complexities of an evolving retirement landscape with confidence and peace of mind."

The full detailed 2025 U.S. Retirement Market Outlook can be found here.

ABOUT T. ROWE PRICE

Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US $1.61 trillion in assets under management as of December 31, 2024. About two-thirds of the assets under management are retirement-related. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

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SOURCE T. Rowe Price Associates, Inc.

FAQ

What are the key retirement trends T. Rowe Price (TROW) identified for 2025?

T. Rowe Price identified four key trends for 2025: evolution of QDIAs with target date strategies, increased focus on retirement income solutions, expansion of emergency savings programs, and expected Congressional actions to improve retirement plan coverage and options.

How is T. Rowe Price (TROW) addressing retirement income solutions in 2025?

T. Rowe Price is focusing on keeping participants in-plan while offering diverse retirement income solutions, responding to increasing interest from plan sponsors.

What role will emergency savings programs play in T. Rowe Price's (TROW) 2025 strategy?

Emergency savings programs will gain momentum in 2025, with T. Rowe Price focusing on expanded access to solutions, increased participant engagement, and balancing short-term financial needs with long-term retirement outcomes.

What legislative changes does T. Rowe Price (TROW) anticipate for retirement plans in 2025?

T. Rowe Price anticipates Congressional efforts to increase retirement plan coverage, expand access to retirement plans, and increase retirement income options in 2025.