The Fidelity Research Institute has created the annual “Pyramid Prize,” a $50,000 reward that will go to the authors of research on how to prepare for retirement. Specifically, the institute will be looking for innovative, practical retirement income and healthcare approaches.

“Oftentimes, academic research brings innovative thinking but is seldom implemented,” commented Guy L. Patton, executive director of the Fidelity Research Institute. “We’ve developed this award to bring these great ideas to life as well as to spur additional research so that we can further empower individuals to make the right choices as they seek to secure their financial futures.”

Separately, the institute named the first six members of an external advisory board, professors and researchers from: the Stanford Center on Longevity, the  Massachusetts Institute of Technology AgeLab, the Kennedy School of Government at Harvard Univresity, the Schulich School of Business at York University and the Employee Benefit Research Institute.

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