The detailed report is aimed at expanding opportunities to save and increasing access to lifetime income products, among other efforts.
Tag: Guaranteed income
And nearly two-thirds, 63%, of advisers recommend annuities to clients who need income.
Certain policy changes and the right support for plan sponsors could make it easier for plans and participants to embrace lifetime income solutions.
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.
Plan sponsors can provide participants with a variety of tools to help them determine whether they are on the right track to retire on time.
The new product series offers a range of indexed account options including one providing access to international markets.
Nonetheless, few people know where to find it, and many say their adviser doesn't bring it up.
An EBRI analysis examines reasons why demand for immediate annuities among retirees and near-retirees remains low.
Janus Capital Releases Fiduciary Focused Share Classes; TIAA adds Guaranteed Income Components to TDFs; Virtus Launches Municipal Bond ETF; and more.
Two leading executives discussed the new fiduciary rule, retirement readiness, income and more.
Among middle-income Boomers, that surges to 77%.
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.
The Institutional Retirement Income Council suggests that today’s structured retirement income products are far more portable and accessible than is commonly understood by plan sponsors.
Ongoing withdrawals from savings could jeopardize people’s future, LIMRA says.
Why do so few DC plans offer stable value funds on the investment menu?
Fidelity was trustee to the 401(k) plans in question, but the lawsuit says it failed to monitor its affiliate in the day-to-day management of the funds.
The association wants to help sponsors better prepare participants for retirement.