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Halifax police investigating Monday morning Dartmouth death as suspicious | SaltWire #newsupdate - BlackRock CEO Larry Fink has urged the government and the private sector to ensure Americans have enough money to retire and said the world's largest asset manager would launch a product next month to address the issue.
The"LifePath Paycheck" will go live in April, with 14 retirement plan sponsors aiming to make it available for 500,000 employees as defined contribution plans."America needs an organized, high-level effort to ensure that future generations can live out their final years with dignity," Fink said in an annual letter to investors on Tuesday.Fink said data from the U.S.
"Put simply, the shift from defined benefit to defined contribution has been, for most people, a shift from financial certainty to financial uncertainty," he added. Defined contribution plans are retirement plans where the employer, employee, or both make regular contributions of specified amounts.
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