An article on the economic opportunities that come with longer life spans also stressed the importance of addressing longevity-related financial challenges. Written by Andy Seig, managing director and head of global wealth & retirement solutions at Bank of America Merrill Lynch, the story noted that Bank of America Merrill Lynch offers longevity training to all Merrill Lynch financial advisers and to the benefits and HR professionals of their corporate clients. Sieg was named one of Next Avenue’s 50 Influencers in Aging in 2016, which notes that this training program was developed with the USC Leonard Davis School to bring greater awareness of the changing needs of America’s aging population.
“With consumer power, longer working lives, longer retirements and more time and resources to give back to their communities, older consumers command serious influence. If we work together — individuals, companies and the government — the U.S. can act as a global leader in harnessing and demonstrating the true value of our aging population,” said Seig.