By Charles E.F. Millard For decades, the insurance and investment industries have tried to sell products that deliver lifetime income in retirement. But those products won’t be adopted unless they are simple, seamless and easy to use. The more decision-making is required for participants, the lower the adoption rate is, no matter the plan. There…
By Charles E.F. Millard Lifetime income solutions make a lot of promises: guaranteed payouts; liquidity; portability; simplicity; maximizing asset growth. But do they all deliver on these promises to their full capacity? In evaluating lifetime income solutions, we need to examine each of those promises —with growth opportunity as one of the most critical considerations….
By Charles E.F. Millard Participants want lifetime income. What they don’t want is to lose control of—and access to—their assets. The real challenge for any plan sponsor considering in-plan annuities is finding a qualified default investment alternative (QDIA) solution. No plan sponsor wants to default a participant into anything that is, or ever could become,…
By Charles E.F. Millard Ever since the passage of the SECURE Act in 2019, defined contribution (DC) plans have been top-of-mind for many advisors and sponsors. Competing solutions comprise an “alphabet soup” of options, including DIAs, SPIAs, VAs, FAs, FIAs, QLACs, GMWBs and GLWBs. Even if you decipher the code, you still have the mother…
To be truly successful, today’s retirement plan solutions must place participants’ needs first. By Don Dady. This article was originally published by BenefitsPRO. In recent years, we have seen a massive shift in the retirement landscape. With defined contribution (DC) plans as the predominant source of retirement income, millions of Americans face significant financial shortfalls….
The solution can be traded like mutual funds, delivers maximized returns and offers distribution flexibility. By Rebecca MooreThis article was originally published by PlanAdviser Since Annexus announced the launch of Annexus Retirement Solutions in December, the new division has focused on re-engineering the target-date fund (TDF) structure to enable the funds to provide lifetime income…
“Lifetime Income Builder” meant to help 401(k) plan participants maximize their retirement income By Brian AndersonThis article was originally published by 401k Specialist Nationwide and Annexus Retirement Solutions today announced that they have partnered to bring to market “Lifetime Income Builder,” an in-plan guaranteed income solution that is built to help retirement plan participants maximize…
By Gabriella Ben-HuttaThis article was originally published by Coverager Nationwide and Annexus Retirement Solutions announced that they have partnered to bring to market Lifetime Income Builder, an “innovative in-plan guaranteed income solution that is built to help retirement plan participants maximize their retirement income.” Lifetime Income Builder is a new in-plan solution that helps address…
Nationwide and Annexus Retirement Solutions today announced that they have partnered to bring to market Lifetime Income Builder, an innovative in-plan guaranteed income solution that is built to help retirement plan participants maximize their retirement income. This article was originally published by InsurTech Insights The new retirement plan investment option, slated to launch later this…
Nationwide announced last October that it would release a series of five new products for the 401(k) market. Today it announced Lifetime Income Builder, a fixed indexed annuity with a lifetime income rider. By Editorial StaffThis article was originally published by Retirement Income Journal Nationwide and Annexus Retirement Solutions are partnering to launch a new…