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Jan 26, 2023

Different Demographics Need Different Approaches to Retirement Saving

Helping people achieve retirement readiness isn’t as simple as telling them how much they need to save. Multiple factors compound the ability to save, including income level, outstanding debt, longevity, overall health, domestic arrangements (partnerships, children, etc.), retirement age, and even the type and place of work.  These factors aren’t fixed or constant—they vary by demographic and over the course of a lifetime. The number of scenarios is almost limitless, but consider a few of the more significant inputs.

Jan 20, 2023

Turning Financial Resolutions into Lifetime Habits

For many, January comes with a focus on making resolutions for the new year. Most often, these resolutions are about health. Statista reports that the top three resolutions for 2023 are about physical well-being, with people wanting to exercise more, eat healthier and lose weight.

The fourth most popular resolution is also about health, although it’s a different kind of health—it surrounds financial health. People want to save more money in 2023.

Nov 21, 2022

Financial Wellness is a Journey We Are All in Together

This is the first in a series of blogs from SS&C about Financial Wellness and how to provide supportive, targeted tools that meet an individual's evolving needs over their financial life.

Financial wellness is a popular term these days. There are plenty of articles or perspectives about what it means and it’s the subject of many conference sessions. But defining the term is the easy part.

Apr 25, 2022

How Data and Discipline can Drive the Future of Retirement Savings

Continuous improvement is a concept that has taken hold in many manufacturing and service-oriented industries. It involves regularly measuring and then adapting processes in order to realize either incremental or breakthrough improvements.

Mar 10, 2022

Retirement Planning: Same Challenges, Different Solutions

As UK defined contribution pensions and Australia superannuation markets seek to improve member outcomes, they each have much to learn from the way the other addresses the common challenges of aging populations, longer lifespans and reduced savings. As a service provider in both countries, SS&C is uniquely positioned to offer a global perspective, identify best practices and share lessons learned from our experience.

Apr 20, 2021

Financial wellness: The top 5 strategies to improve member engagement

Are you using the best strategies to generate member engagement in your financial wellness programs? We have identified five best practices for developing strategies to support member retention and growth in super funds.

Apr 16, 2021

Reduce employee stress with a financial wellness strategy

Even before the global coronavirus pandemic disrupted the global economy, financial stress was already being widely reported by as many as 60% of Australian workers. Almost 50% of Australian workers spent more than three hours per week dealing with financially related issues, and the concern over having financial difficulties had increased to 71% of employees in 2019.

Apr 13, 2021

SS&C podcast addresses how Super funds can support financial wellness

A recent study by AMP found that financial stress impacts two in five workers during their careers and costs Australian businesses an estimated $31.1 billion per year in lost revenue. In an on-demand SS&C podcast hosted by Shaun McKenna Senior Director – Product, Sales and Client Relations, SS&C Technologies, we discuss the issue of financial wellness with our guests Steve Freeborn, Head of Superannuation, Rice Warner, and Shannon O’Shea, Partner and Head of Member Services, Aon, and address ways Superannuation funds can support the financial wellness of members.


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