Practice Management March 8th, 2024 Why Advisers Should Think of Social Security as a Fixed Asset Class A retirement plan adviser is pushing the industry to consider Social Security’s place as a fixed asset for U.S. workers—and...
Products & Services January 25th, 2024 Product & Service Launches – 1/25/24 Prudential announces Fidelity-related SimplyIncome annuity solution; Betterment launches small business student loan 401(k) matching program; Corebridge brings multi-year guaranteed annuity...
Products January 25th, 2024 Fidelity Goes National With 401(k)-to-Income Annuity Offering Fidelity’s Guaranteed Income Direct gives participants the option of converting some or all of their retirement savings into a monthly...
Deals & People November 29th, 2023 KKR to Buy Final 37% of Annuity Provider Global Atlantic for $2.7B Already the majority owner, KKR will take full ownership to solidify its insurance footprint and the connection to its asset...
Products November 10th, 2023 Transamerica, ADP Each Add In-Retirement Plan Annuity Options With the announcement, Transamerica becomes the first recordkeeper to offer State Street’s TDF with an embedded annuity, while ADP adds...
Publisher’s Note A Shift Toward Annuities If you won the lottery, would you take the lump sum, or the monthly payments? I’ve heard that most people...
Compliance October 18th, 2023 New PBGC Guarantee Levels, Premiums Announced for 2024 The PBGC also released new guarantee tables for different annuity types.
October 12th, 2023 Social Security COLA Announced as 3.2% for 2024 Monthly Social Security checks will increase about $59, a lower increase than in recent years but still larger than the...
Data & Research October 5th, 2023 Survey: 73% of Top Advisers Chat In-Plan Annuities With Clients PLANADVISER’s quarterly pulse survey finds the majority of retirement plan advisers “occasionally” discuss in-plan options, but some don’t see the...
Data & Research October 4th, 2023 Americans Underestimate Health Care Costs’ Impact on Retirement Decisions Health savings accounts and cash flow from annuities can help mitigate too-rosy thinking, says retirement income association fellow.
Products August 21st, 2023 Capital Group Piloting Benartzi’s PensionPlus Retirement Income Manager The owner of American Funds adds PensionPlus to its TDF retirement series with goal of giving advisers a retirement paycheck...
Products July 31st, 2023 Plan Sponsors Want More Automatic Retirement Features to Help Unengaged Participants A TIAA survey of 80 plan sponsors points to the need for plan sponsors, advisers and providers to provide a...
Products July 26th, 2023 Prudential’s Three Pathways to In-Plan Retirement Income The head of Prudential’s retirement strategy division discusses the firm’s key focus areas for getting guaranteed income annuities into participants’...
The Markets July 20th, 2023 Investment Service and Product Launches Savvy Wealth launches AI-powered adviser platform; MassMutual, Nationwide announce buffered annuities; and Touchstone launches ETF focused on securitized income.
In Practice June 20th, 2023 Know Your GLWBs: Assessing Annuity Vehicles as In-Plan Income Options In-plan guaranteed retirement income options are much discussed, but less often implemented. Here are resources for evaluating and implementing the...
Compliance February 27th, 2023 IRI to Push for Annuities as Default Retirement Investment Option in ‘23 The retirement insurance industry group is calling for legislation that would do away with a liquidity feature that limits certain...
The Markets January 27th, 2023 LIMRA: Individual Annuity Sales Shatter Prior Record in 2022 The trade association found retail annuity sales were 17% higher than a prior 2008 record, driven in part by investors...
Products January 26th, 2023 OneAmerica Teams Up With Benartzi on New Retirement Income Product The personalized strategy to provide a monthly retirement paycheck was designed by behavioral economist Shlomo Benartzi; a pilot program is...
Data & Research January 17th, 2023 Research Shows Workers Favor Guaranteed Income Over Financial Wellness Tools Almost half of respondents agreed annuities can offer safety and stability, though other research shows in-plan defined contribution annuities are...
Data & Research January 17th, 2023 Fiduciary Concerns Continue to Stymie Annuities in 401(k)s Employers have embraced 401(k) plan benefits changes for 2023, but are still shying away from annuities, according to Alight.