The Disruptive Impact of FinTech on Retirement Systems

The Disruptive Impact of FinTech on Retirement Systems
ISBN-10
0192584308
ISBN-13
9780192584304
Category
Business & Economics
Pages
240
Language
English
Published
2019-08-29
Publisher
Oxford University Press
Authors
Olivia S. Mitchell, Julie Agnew

Description

Many people need help planning for retirement, saving, investing, and decumulating their assets, yet financial advice is often complex, potentially conflicted, and expensive. The advent of computerized financial advice offers huge promise to make accessible a more coherent approach to financial management, one that takes into account not only clients' financial assets but also human capital, home values, and retirement pensions. Robo-advisors, or automated on-line services that use computer algorithms to provide financial advice and manage customers' investment portfolios, have the potential to transform retirement systems and peoples' approach to retirement planning. This volume offers cutting-edge research and recommendations regarding the impact of financial technology, or FinTech, to disrupt retirement planning and retirement system design.

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