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...
Tag: Guaranteed income
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...
New PBGC Guarantee Levels, Premiums Announced for 2024
The PBGC also released new guarantee tables for different annuity types.
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...
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...
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.
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...
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...
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’...
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.
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...
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...
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...
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...
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...
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.
Near-Retirees May Be at Risk for Retirement Income Shortfall
A DCIIA report written by industry players looks at how rising interest rates and inflation are cutting into common retirement...
Market ‘Fear Factor’ Has Retail Annuities Booming. Can In-Plan Options Catch the Tailwind?
Market volatility is contributing to record sales of retail annuities. But in-plan annuities to provide guaranteed income in retirement are...
The Appeal of Guaranteed Lifetime Income Option Is Growing Among Participants
While more participants are looking for a consistent source of income in retirement, they also want the flexibility to change...
Investment Product and Service Launches
Wilshire brings to market third-gen factor index series and Northern Trust Front Office Solutions enhances liquidity management solutions for asset...