The multi-manager group variable annuity product will be marketed through approximately 8,000 Morgan Stanley financial advisers.
In addition to 20 investment options managed by American Funds, the product’s 51 fund offering includes the ability to choose from a variety of asset managers, including Delaware Investments, AllianceBernstein, Baron Funds, Fidelity Investments, Franklin Templeton Investments, MFS Investment Management, and Neuberger Berman. It also includes the Lincoln VIP Profile lifestyle and target date funds, managed by Wilshire Associates.
“We are very excited that Morgan Stanley is offering the Lincoln American Legacy Retirement product,” said Don Roberson, senior vice president of Distribution for Lincoln Employer Markets, in a press release. “The powerful combination of Morgan Stanley’s reputation for success and Lincoln’s expertise in the retirement income space provides a strong option for both employers and their employees.”