Retirement Savings

Assessing President-Elect Biden's Win on the Demand for Retirement Products

Published October 26, 2020

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Key Takeaways


  • CFRA sees a net positive for the retirement savings market from a potential Biden victory, as a more aggressive Covid-19 strategy coupled with expected fiscal stimulus measures would drive an economic and labor market recovery in 2021 and beyond.

  • While this recovery is likely to be “K-shaped” at the outset, CFRA sees the benefits of increased access to retirement accounts – aided by the SECURE Act – driving a wider swath of longer-term growth, despite the challenges from a persistently low interest rate environment.

  • Highlighted here are those firms we view as best positioned to leverage an expected increase in demand for 401(k) plans (TROW), retirement annuities (AIG, LNC) and pension risk transfer services (PRU).



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