BlackRock and Microsoft to Reimagine Retirement
BlackRock and Microsoft are reimagining America’s path toward achieving greater financial security in retirement. Bringing together BlackRock’s investment capabilities and Microsoft’s technology strength, the two companies are jointly exploring next generation solutions to help more people make better decisions as they work toward their financial goals in retirement.
Taking advantage of Microsoft’s technologies and innovative investment products from BlackRock, the companies aim to make it easier for people to both save for retirement and achieve the lifetime income they need through their employers’ workplace savings plan.
The companies are exploring the development of a new platform that helps people develop better saving and investing habits through more regular engagement with their retirement assets so that they have a clearer picture of how their contributions today will translate to long-term retirement income. BlackRock intends to offer the platform in connection with next generation investment products that it will design and manage. The new products from BlackRock will seek to provide a lifetime of income in retirement and would be made available to US workers through their employers’ workplace savings plan.
“Retirement systems worldwide are under stress and providing financial security to retirees has become one of the most defining societal challenges of our time. BlackRock has a tremendous responsibility to help solve this challenge, and we recognize the need to act now. Working with Microsoft will enable us to build a powerful solution for millions of hardworking Americans.” – Chairman and CEO of BlackRock, Laurence D. Fink.
“Today millions of Americans are struggling to achieve their financial goals for retirement. Together with BlackRock we will apply the power of the cloud and AI to introduce new solutions that address this important challenge and reimagine retirement planning.” – Microsoft CEO Satya Nadella.
Because who says money can’t make you happy…