There are strategies to help retirees create a lifetime income stream that can reverse this trend.
An executive with MetLife urges plan sponsors and advisers to avoid talking about annuities “as if they were an investment option … they aren’t really an investment.”
Roughly one-third of those who report having spent a significant portion of a retirement plan lump sum distribution taken from either a DC or DB plan say they regret the choice in hindsight.
The Insured Retirement Institute will spend the year pushing Congress and the Administration to advocate for legislation that would expand Americans’ access to advice and simpler annuities.
The new product series offers a range of indexed account options including one providing access to international markets.
Product development and participant demands may open a wider door for retirement income solutions in the DC space, according to new research by Cerulli Associates.
Nonetheless, few people know where to find it, and many say their adviser doesn't bring it up.
Employers are clearly still committed to moving risk off of their balance sheets by pursuing single-premium pension buyouts.
Lincoln Financial Group Releases New Annuities; Nuveen Launches Investment Trust Portfolio; Wilshire Associates Releases ESG-Weighted Index; and more.
An EBRI analysis examines reasons why demand for immediate annuities among retirees and near-retirees remains low.
Allianz Life Launches New Fee-Based Index Annuity and Waddell & Reed Files for New Index Funds
Transamerica Rolls Out Fee-Based Variable Annuity; USA Financial Launches Asset Management Platform; Victory Capital Expands ETF Platform.
Pacific Life Launches Variable Annuity; Beaumont Capital Management Launches Smart Beta Solutions; Charles Schwab Expands ETF OneSource Series with OppenheimerFunds; and more
An investment with lifetime income elements can be a prudent default investment option in DC plans, even if not a QDIA, the DOL said in an information letter.
Some 40% of investors say they are fundamentally interested in life insurance products—and many are interested in speaking with wealth advisers about how to use them properly.
In light of heightened regulatory pressure, advisers are reevaluating portfolio management strategies to generate sufficient retirement income in a low-interest-rate and cost-sensitive environment.
K-12 403(b) plan participants have long enjoyed the personal touch of meeting with advisers one-on-one, but plan sponsors could use a nudge in using lower-cost investment options.
Nearly half of insurers feel the DOL conflict of interest rule would positively impact sales of fee-based annuities, according to Cerulli Associates; less certain is how to effectively package and price such products.
T. Rowe Price Expands 401(k) Brokerage Services with Charles Schwab; Wilshire Launches New EVA Index Family; USAA Launches R6 Retirement Share Classes; and more.
A U.S. District Court has handed down a DOL-friendly ruling in one piece of anti-fiduciary rule litigation that is seeking more leniency for fixed-index annuity providers.