The Disruptive Impact of FinTech on Retirement Systems

This volume examines how technology is transforming financial applications, and how FinTech promises a similar revolution in the retirement planning processes. Robo-advisors and mobile savings apps are a few harbingers of innovations to come. Nevertheless, these changes will bring with them new ethical and regulatory considerations, design challenges related to promoting adoption by an older population less trusting of technology, and concerns over data security and privacy. Our contributors take stock of the disruptive impact of financial technology on retirement planning, saving, investment, and decumulation; and the book also highlights issues that regulators, plan sponsors, academics, and policymakers must consider as retirement practices evolve at a rapid pace.

[1]  O. Mitchell,et al.  Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth , 2006 .

[2]  M. Warshawsky,et al.  The Life Care Annuity: A New Empirical Examination of an Insurance Innovation that Addresses Problems in the Markets for Life Annuities and Long‐Term Care Insurance , 2013 .

[3]  Olivia S. Mitchell,et al.  Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management , 2013, Journal of financial economics.

[4]  Thomas Philippon,et al.  The Fintech Opportunity , 2016, The Disruptive Impact of FinTech on Retirement Systems.

[5]  N. Prabhala,et al.  The Promises and Pitfalls of Robo-Advising , 2017, The Review of Financial Studies.

[6]  P. Fronstin,et al.  Savings Medicare Beneficiaries Need for Health Expenses: Some Couples Could Need As Much As $370,000, Up from $350,000 in 2016 , 2017 .

[7]  T. McBride,et al.  Health Insurance and Poverty in Trajectories of Out‐of‐Pocket Expenditure among Low‐Income Middle‐Aged Adults , 2018, Health services research.

[8]  O. Mitchell Enhancing risk management for an aging world , 2017 .

[9]  Stephen L. Deschenes,et al.  Matching FinTech Advice to Participant Needs: Lessons and Challenges , 2018 .

[10]  T. Rouse,et al.  Benefit Plan Cybersecurity Considerations , 2019, The Disruptive Impact of FinTech on Retirement Systems.

[11]  Cosmin Munteanu,et al.  Designing for Older Adults: Overcoming Barriers to a Supportive, Safe, and Healthy Retirement , 2019, The Disruptive Impact of FinTech on Retirement Systems.

[12]  Jon Kleinberg,et al.  Making sense of recommendations , 2019, Journal of Behavioral Decision Making.

[13]  R. Klitzman Ethics, Insurance Pricing, Genetics, and Big Data , 2019, The Disruptive Impact of FinTech on Retirement Systems.

[14]  Jennifer L. Klass,et al.  The Transformation of Investment Advice , 2019, The Disruptive Impact of FinTech on Retirement Systems.

[15]  F. Hodge,et al.  The Effect of Humanizing Robo-Advisors on Investor Judgments , 2020 .