DC plans are well positioned to significantly add to American’s financial security by adopting retirement income solutions that are currently available in the market today.
Based on the results of a new CANNEX study, advisers who are looking to provide clients with guaranteed income should seriously consider both income annuities and savings annuity contracts that offer GLWBs.
With one-quarter of a century until the first of them turn 65, Millennials very much view themselves as "on their own" with regard to retirement income, according to an IRI report.
The plaintiff alleges that the contract’s cancellation was not made with his and the other beneficiaries’ interests in mind, but rather to improve the parent/subsidiary companies’ financial positions and to make them a more attractive target for potential buyers.
The use of stable value funds within defined contribution
plans has evolved substantially in recent years and decades, with more changes
right around the corner.
Until 401(k) plan sponsors are more comfortable offering in-plan retirement income products, the industry must find solutions to deliver nuanced advice around retirement income to low-balance investors, Cerulli says.
Two national insurance advocacy groups have “reluctantly” joined
the growing list of plaintiffs asking the federal courts to declare the DOL’s
new fiduciary rule arbitrary and capricious.
