BlackRock Rolls Out New Retirement Offering Amid Looming Crisis Highlighted by CEO Fink

BlackRock CEO Larry Fink warned of a looming retirement crisis, citing data showing many Americans have little to no retirement savings.

BlackRock is launching a new "LifePath Paycheck" product in April to help address the retirement crisis.

The product will initially be available to 500,000 employees at 14 retirement plan sponsors.

Fink called for a high-level, organized effort by government and business to ensure retirement security.

Fink also discussed climate change and ESG investing as major economic trends, while noting BlackRock's ESG policies have sparked political backlash.