Financial Engines and the Pension Research Council Host Second Annual Retirement Income Summit
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Policy makers, business leaders and academics gather to examine retirement income trends, research and solutions

PALO ALTO, Calif., Jun 21, 2011 (BUSINESS WIRE) --

Financial Engines and the Pension Research Council (PRC) today announced the agenda for the Financial Engines / PRC Retirement Income Summit taking place on June 21, 2011 in Chicago. The summit will highlight the latest retirement income research from behavioral experts and economists as well as bring together thought leaders from academia, the plan sponsor community, and leading legal and regulatory experts.

"The Retirement Income Summit provides a unique opportunity for public policy officials, industry leaders, academics and plan sponsors to engage in thoughtful discussion on issues related to helping retirees turn their defined contribution plan savings into steady retirement income," explained Christopher Jones, chief investment officer at Financial Engines and moderator of the event. "We believe that all parties have important roles to play in helping near-retirees and retirees tackle the complex and important issue of translating asset balances into retirement income."

Human Resource and Treasury executives from approximately two dozen large employers representing a cross-section of industries are expected to attend the invitation-only event. The following distinguished speakers are scheduled to present at the Retirement Income Summit:

Michael L. Davis
Deputy Assistant Secretary, Employee Benefits Security Administration
John Shoven
Charles R. Schwab Professor of Economics, Stanford University
Wallace R. Hawley Director, Stanford Institute of Economic Policy Research
Financial Engines Board Member
Jeffrey R. Brown
William G. Karnes Professor of Finance, University of Illinois at Urbana-Champaign
Associate Director, National Bureau Economic Research Center for Retirement Research
Christopher Jones,
Chief Investment Officer, Financial Engines
Jason Scott,
Managing Director, Financial Engines Retiree Research Center

Topics to be discussed during the Retirement Income Summit include:

  • The evolution of 401(k) plans from accumulation vehicles to sources of retirement income
  • A regulator's perspective on retirement income in defined contribution (DC) plans
  • The nature of participant choice in DC plans
  • The role and perspective of plan sponsors in delivering retirement income solutions
  • How near-retirees make decisions around when to claim Social Security
  • What issues the next generation of retirement income solutions need to address

"Americans are more worried about old-age security than ever before," said Olivia Mitchell, executive director of the Pension Research Council. "As waves of Baby Boomers move into retirement, it is essential to devise and provide tools that can help manage their decumulation process. I applaud all those working so hard to respond to these needs."

About Financial Engines, Inc.(NASDAQ:FNGN)

Financial Engines is the largest independent investment advisor committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. To meet the needs of different investors, Financial Engines offers both Online Advice and Professional Management. Co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America's leading employers and retirement plan providers to make retirement help available to millions of American workers. For more information, please visit www.financialengines.com.

About the Pension Research Council

The Pension Research Council of The Wharton School of the University of Pennsylvania is committed to generating debate on key policy issues affecting pensions and other employee benefits. We sponsor interdisciplinary research on the entire range of private pension and social security programs, as well as related benefit plans in the United States and around the world. Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor, is the Executive Director of the Council.

SOURCE: Financial Engines, Inc.

Financial Engines, Inc.
The Financial Engines PR Team, 650-565-7799
PRTeam@financialengines.com
Asma Emneina, 650-565-7791
asma@financialengines.com