Press Releases

BlackRock Launches Retirement Institute

May 03, 2016

Global Platform will Shape Industry-Leading Thought Leadership, Solutions to Meet Retirement’s Ongoing Transformation


New York, May 3, 2016 – BlackRock, Inc. (NYSE: BLK) launched the BlackRock Retirement Institute (BRI), a global thought-leadership platform that will extend the firm's industry-leading efforts to help clients and the broader community to make better decisions about retirement and longevity.

Lifespans have greatly increased in the last several decades, with profound implications for the financial services sector as well as society at large. BRI will focus on a broad spectrum of today's critical retirement concerns and issues worldwide—from financial readiness to health care to technology to public policy and beyond—and will generate practical guidance for institutions, policymakers, financial advisors and communities globally. Bruce Wolfe will serve as BRI’s Executive Director.

A Fiduciary’s Perspective

“As the world’s largest asset manager—with two thirds of assets related to retirement—BlackRock is a trusted fiduciary with a long history of helping create better outcomes for individuals and institutions based on innovative thinking,” said BlackRock President Rob Kapito. “BRI will continue to build on that history by helping professionals and individuals make better savings and investment decisions."

More than 20 years ago, BlackRock pioneered the introduction of the first target date fund – LifePath® – now used for age-based asset allocation in employee retirement programs. Among the firm's latest retirement-related innovations are CoRI® - which estimates the annual retirement income that current retirement savings could provide – and iRetire® – BlackRock’s innovative retirement readiness process for financial advisors.

“Studies estimate that more than half of all children born over the last decade will live past age 100," said Chip Castille, BlackRock’s global chief retirement strategist. “We believe we have an urgent responsibility to continually examine the effectiveness of the current retirement system—and to play a leadership role in the development of new prescriptions for rewarding retirements.”

Specific topics on the BRI's global research agenda include retirement financial security; the design and delivery of employer sponsored retirement programs; behavioral finance, including triggers and incentives for effective retirement planning; public policy on retirement saving and investment, including fiduciary standards; the impact of an aging population on the economy and capital markets; the potential benefits—economic and otherwise—from the “longevity dividend”; and the ways that greater longevity will change workplaces.

Along with original research, BRI’s ongoing activities will include timely commentary on retirement issues and trends both globally and regionally, BlackRock sponsored events and participation in other related gatherings. BRI will take a global view, seeking and promoting ideas from around the world—from experts both inside BlackRock and externally—to help spread retirement knowledge and best practices.

“BRI will explore retirement in all its dimensions, but always with an emphasis on real-world insight on the many new, emerging philosophies for retirement preparation—and more meaningful retirement life spans,” Castille said.

“Retirement and longevity are fast emerging as the central financial and societal challenges of our era,” added Castille. “We believe these challenges can be met and overcome with innovation geared toward transforming how individuals plan for and live in retirement. To that end, BRI aims to bring together many of the best minds from a range of disciplines to generate new knowledge and ideas that can help support meaningful retirements for individuals worldwide.”

About BlackRock

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At March 31, 2016, BlackRock’s AUM was $4.737 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of March 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at | Twitter: @blackrock_news | Blog: | LinkedIn:

About the BlackRock Retirement Institute (BRI)

The BlackRock Retirement Institute (BRI) is a global platform for generating and delivering information, insights, ideas and solutions to help fill the retirement knowledge gap and provide guidance for institutions, policymakers, financial advisors and other important constituencies focused on retirement around the world. For additional information, please visit BRI’s website at

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.



Contact: Farrell Denby