The Fidelity Retirement Institute
Fidelity understands that increasing longevity will put unprecedented pressure on governments', employers' and individuals' finances. This is why we established the Fidelity Retirement Institute (FRI). Since June 2006 the FRI has overseen the publication of 16 research papers which draw on our expertise in the investment, retirement and personal finance markets. As you might expect from an international organisation, our focus is not just on the retirement sector and we have published papers in , and Europe-wide.
Aimed at investment professionals, the papers aim to highlight and discuss people's preparedness for retirement and options available to them:
Improving Britain's Retirement Prospects measures how ready people are for retirement and how close to their expectations of income their current planning will take them. We conducted the research in 2006 and 2007 and intend to repeat it every year. So far the conclusions have been stark. In calculating three indices we discover that the average worker in our survey will retire on less than half their final working salary; this figure is less than they expect and less than they think they will need for a comfortable retirement.
Similar papers in other countries check the vital signs of other markets in the world:
Improving Britain's Retirement Preparation and Readiness Across Europe conducted similar research on a pan-European basis; the Fidelity Index does the same for the German market and in , we have published the Fidelity Retirement Index and Think Retirement Income papers.
Improving Britain's Retirement Income looks at the key risks to retirement income and what to do to address each of them. It discusses investment strategies to counter inflation, longevity, how much to withdraw and getting the right asset allocation.
Corporate Commitment analyses the level of support given to occupational pension schemes in the . Based on the results of a specially commissioned survey of employers, it finds that there is genuine support for pensions among employers, but the level of that commitment varies by sector. We will conduct the survey every year in order to paint a picture of the changing landscape.
Income Planning at Retirement takes a close look at the options and combinations available to people as they retire. We use sophisticated financial modelling to project the likely income to be earned from blending the different pension arrangements available.
The Case for Age-Based Lifecycle Investing recognises that many investors before and after retirement fail to make the right asset allocation choices. It explains how an age-based strategy that targets investors' future goals can help achieve an effective long-term investment portfolio.
DB Lite: Revitalising Defined Benefit Pensions considers the future of DB pensions in the UK and proposes an alternative to the 'fully-loaded' schemes of the past in the form of 'DB Lite' - a nimble, lightweight DB pension proposition.
The Nature of Financial Risk in Retirement: Are Guarantees the Answer? Poses the question of whether guarantees built into products are necessary to reassure wary investors or expensive, unnecessary sales aids.
This research is backed by a commitment to offer products and services that make retirement planning easier for investors and their advisers. Our rewriting retirement campaign is the cornerstone of this effort and information about this can be found here.
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