Insights
The Underserved: How Public Policy Could Support Employees Hit Hardest by the Pandemic
Public policy is the engine of retirement industry innovation. In the last three years, tremendous strides have been made; however, most enhancements to retirement security benefit those already covered by a workplace-sponsored plan. What about the millions of employees without savings plan access — those who have been hit hardest by the pandemic? For this segment of underserved workers, policymakers and industry leaders like State Street are advocating for effective change.
A Fresh Focus on Retirement Policy
From fiduciary frameworks to taxes, here’s what plan sponsors can expect from the Biden administration.