While not the focus of the bill, annuities gained increased flexibility and availability.
Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants.
Interest in access to guaranteed lifetime income in retirement rose during the pandemic, but education and adoption has been slow.
U.S. workers’ interest in putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a new survey shows. But experts say that data should come with some context.
Groom Law Group has published a guide that discusses fiduciary duties in the context of providing lifetime income options within defined contribution plans.
PGIM Investments to acquire Green Harvest Asset Management; ProShares launches first U.S. Bitcoin-linked ETF; Pacific Life introduces Invesco V.I. defined outcome funds; and more.
Broadridge enhances fiduciary toolkit for advisers; GoalPath makes managed accounts available on iJoin; BlackRock announces option to include annuities in target-date strategies; and more.
Research from SRI anticipates the annuity market to grow as much as 30% by 2025.
PGIM says evolving technology will enable plan sponsors and advisers to deliver on this promise.
Advisers should be educated about annuities and how to analyze them to help plan sponsors decide the best products to use.
With some riders, participants can enjoy the upside of the market with downside protection.
More than any other generation, its members are receptive to in-plan guarantees.
The interim final rule includes assumptions plan administrators must use to calculate estimated lifetime benefit payments to be included on retirement plan participant statements.
One analyst argues the landmark legislation’s lifetime income disclosure requirement may prove to be more influential than the annuity selection safe harbor.
More than half say they would prefer guaranteed income of $660 a month over a $120,000 lump sum, LIMRA SRI found in a survey.