Shlomo Benartzi's Work With Voya

Shlomo Benartzi is a Senior Academic Advisor at the Voya Behavioral Finance Institute for Innovation, working on exciting new research projects that use field experiments to help people build a secure financial future. He has learned, for instance, that minor changes to the suggested savings rate can boost retirement savings by nearly 10 percent. He’s also pioneered a digital measure than can assess the average decision-making style used by plan participants when making important retirement decisions. This assessment can then be used to tailor course corrections for a given plan to ensure participants are on track to meet their financial goals. Taken together, Benartzi’s work for the Voya Behavioral Finance Institute for Innovation is focused on pioneering best practices for plan sponsors in the digital age, identifying those online nudges that can improve the financial wellbeing of participants.