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At the forefront of 2025, the retirement planning landscape is evolving rapidly, offering both challenges and unprecedented opportunities for advisors and plan sponsors alike.
Franklin Templeton’s Michael Dullaghan, Retirement Specialist, is at the forefront of these changes and shares his insights on a refreshed strategy for the new year, in a new report, Transforming 2024 insights into 2025 action. For 2025, Dullaghan is focusing on actionable strategies that empower retirement advisors to refine their approach and drive success.
Building off his 2024 retirement outlook, Dullaghan is looking at the following for 2025:
Revolutionizing plan design: Crafting participant-centric strategies and leveraging third-party administrators for holistic engagement.
Maximizing 401(k) opportunities: Aligning target-date funds with plan objectives and unlocking wealth potential through retirement plan integration.
Navigating legislation: Turning regulatory updates into tangible growth opportunities for advisors and business owners.
Driving innovation in retirement income solutions: Meeting a universal need with impactful, personalized strategies.
We talked to Dullaghan about actionable strategies that advisors and plan sponsors can put to work in helping Americans save for retirement.
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Q: What are some actionable strategies that empower retirement advisors to refine their approach and drive success?
Michael Dullaghan: Defining one’s target market and developing a service policy statement are steps that can help retirement advisors in the prospecting or client service phases. Sometimes advisors take on every plan they can and end up with a book of clients that have little in common, which can make the book harder to service. Likewise, if service expectations are not well defined, the retirement advisor may find themselves in the opposite of a desired “under promise, over deliver” state.
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