Experts speaking during a webinar said annuities provide an alternative to bonds that reduces longevity and sequence-of-return risks.
Vanguard modifies managed payout fund; Transamerica launches stable value option for 403(b)s; Fidelity announces health savings mutual funds; and more.
While only 0.21% of balances were exchanged in May, it was the highest monthly activity so far this year, according to Alight Solutions.
It was the slowest start to the year in the 20-plus years of the Alight Solutions 401(k) Index.
Securian Asset Management introduces name changes to mutual funds; First Trust adds fixed-income ETF; and Citi creates bond funding environmental and climate finance.