Financial Engines and the Pension Research Council Host Retirement Income Summit
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Policymakers, business leaders and academics gather to exchange ideas on retirement income trends, research and solutions

PALO ALTO, Calif., Oct 04, 2011 (BUSINESS WIRE) --

Financial Engines and the Pension Research Council (PRC) of the Wharton School today announced the agenda for the Financial Engines/PRC Retirement Income Summit, a daylong symposium taking place Oct. 4, 2011, in New York. The summit is designed to highlight the latest retirement income research by behavioral experts and economists, as well as the work and experience of thought-leaders in academia, plan sponsors, and leading legal and regulatory experts.

"The Baby Boom generation is facing retirement at one of the most challenging times in history," explained Jeff Maggioncalda, president and CEO of Financial Engines. "The Retirement Income Summit provides an opportunity for policymakers, academics and employers to share ideas and shape solutions to address this need."

Human Resource and Treasury executives from 27 large employers representing a cross-section of industries are expected to attend the Retirement Income Summit. The following distinguished speakers are scheduled to present at the event:

Michael L. Davis
Deputy Assistant Secretary, Department of Labor

J. Mark Iwry
Senior Advisor to the Secretary
and Deputy Assistant Secretary for Retirement and Health Policy, Department of Treasury

Olivia S. Mitchell
Executive Director, Pension Research Council, The Wharton School

Stephen Zeldes
Benjamin M. Rosen Professor of Economics and Finance
Graduate School of Business, Columbia University

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:

  • Regulators' perspectives 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
  • Overcoming economic and psychological barriers to annuitization
  • What issues the next generation of retirement income solutions need to address

"As economic challenges continue, Americans are worried about the quality of their retirement years and not outliving their savings," said Olivia S. Mitchell, executive director of the Pension Research Council. "Retirement security is one of the major challenges facing us as a nation and it's heartening to see the great efforts being made to address the needs of retirees."

About Financial Engines

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 Financial Engines Advisors L.L.C. is a subsidiary of Financial Engines, Inc. (NASDAQ:FNGN).

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

Financial Engines
Asma Emneina, 650-565-7799