The US retirement industry addressed a market of approximately US$37.5 trillion in assets as of Q1 2022, growing at a CAGR of 8-9% over the last four years. With growing inflation, uncertainty around social security benefits, and post-pandemic economic concerns – people are looking to retirement plan providers for guidance. However, market participants face multiple challenges, such as changing regulations around retirement and pensions, the increasing demand for digitization, the burden of age-old legacy systems, and evolving customer preferences and risks.
Industry participants are undertaking technology-driven transformation to resolve these challenges and become more agile and scalable. In this report, we outline the key challenges and technology spend priorities for enterprises and evaluate significant retirement technology providers and their market offerings.
Scope
Industry: retirement technology
Geography: North America
Contents
In this report, we:
Provide an overview of the retirement technology provider market
Examine the profiles of key retirement technology providers
The retirement plan industry in the US is evolving rapidly. With over US$37.5 trillion of assets under management as of Q1 2022, it is one of the largest retirement markets in the world. However, about 25% of the working-class population lacks adequa…
