2025 SOA ImpACT Conference Virtual:Session 6C: Nervous? - Pension Plan Participant Behavior and Volatile Markets-12.04.25 Recording

This session will discuss how human behavior impacts participant decisions in defined contribution plans. We will explore behavioral finance-how people invest, how they make financial decisions, how often they make changes to their portfolio, especially during a market downturn. We will look at financial advisories, which are now prevalent in defined contribution plans, and how and if they benefit participants. Whether annuity purchases can help participant angst or is our fear of missing out a barrier to their use. By the end of the session, you will understand how human behavior impacts participants' financial decisions and whether this is beneficial.