Pensions savings and fund management are a critical part of financial planning, and the coming years for these areas are poised to bring massive changes as technology continues to advance. Needless to say, it’s important to think about these shifts, especially as you weigh your retirement planning. Let’s discuss and debate several trends that will come to define the future of pensions savings and fund management.

To kick things off for all you loyal readers: Automated investment advice, or robo-advisors, are digital platforms that provide automated investment advice to users. These smart tools use algorithms to provide investment advice based on a user’s risk tolerance, financial goals, and investment preferences.

As robo-advisors continue to improve, you can bet more companies and individuals will be using automated investment advice for their pension savings and fund management. Such automated offerings offer more affordable investment advice compared to traditional investment advisors, and they can provide personalized investment advice quickly and efficiently.

Environmental, social, and governance (ESG) investing is an investment approach that considers environmental, social, and governance factors when making investment decisions – and one that’s becoming increasingly of interest to businesses and everyday investors alike. Basically, this form of investing aims to invest in companies that are socially responsible, environmentally conscious, and have good governance practices.

As ESG mindsets become more popular, more pension funds and investment managers should be incorporating green business factors into their investment decisions. This technique is becoming increasingly important to investors, particularly younger generations who are more likely to prioritize sustainability and social responsibility when making investment decisions.

Then there’s retirement income solutions, which are investment strategies that provide regular income payments to individuals during retirement. These can come in the form of annuities, income drawdown, or other investment offerings.

As the baby boomer generation approaches retirement age, more demand for retirement income solutions is inevitable. Pension funds and investment managers will need to develop new retirement income solutions to meet the needs of retirees who are looking for reliable income streams during retirement.

Let’s not forget how digital transformation is impacting the future of pensions savings and fund management either. It can be used to automate investment processes, provide real-time updates on investment performance, and improve communication between investors and fund managers.

As digital overhauls continue to advance, you can count on enjoying access to more efficient and transparent investment services.

And PS – artificial intelligence (AI) is going to be a big deal here too. That’s because it can be used to automate investment processes, such as risk assessment and investment analysis. Or, for that matter, used to provide personalized investment advice to individuals.

As AI continues to advance, more applications will be introduced for pensions savings and fund management. It can improve the efficiency and accuracy of investment decisions, leading to more successful investment outcomes.