Transamerica to Offer State Street’s TD Series with Lifetime Income Solution
|

Transamerica to Offer State Street’s TD Series with Lifetime Income Solution

This article was originally posted by NAPA. Transamerica is adding the State Street GTC Retirement Income Builder (the Series) to its recordkeeping platform, joining State Street Global Advisors (SSGA), Global Trust Company (GTC) and ARS (previously Annexus Retirement Solutions) in offering a target date fund (TDF) with an embedded income solution.   According to the…

Transamerica, ADP Each Add In-Retirement Plan Annuity Options
|

Transamerica, ADP Each Add In-Retirement Plan Annuity Options

This article was originally posted by Plan Adviser. By Alex Ortolani With the announcement, Transamerica becomes the first recordkeeper to offer State Street’s TDF with an embedded annuity, while ADP adds Income Solutions from Hueler. Recordkeepers Transamerica Corp. and ADP Inc. both announced separate retirement income options with annuities that will now be available to…

One Piece of a UAW Strike Solution: Lifetime Income
| |

One Piece of a UAW Strike Solution: Lifetime Income

By Charles E.F. Millard This article was originally published by NAPA. RETIREMENT INCOME During its strike, one of the UAW’s demands has been that the auto companies restore traditional pensions. Less well-known, but noted in published reports, is that the negotiations have also contemplated adding a lifetime income option in their 401(k) plans. It should…

Innovation Is the Answer: Envisioning a New Approach to the Retirement Income Crisis
| |

Innovation Is the Answer: Envisioning a New Approach to the Retirement Income Crisis

By Dave Paulsen This article was originally published by WealthManagement. With low levels of savings and the rise in longevity, Americans are facing a retirement income crisis. An estimated 50% of U.S. retirees are at risk of being unable to maintain their pre-retirement standard of living based on current savings levels.* Additionally, most investors don’t…

Annexus Retirement Solutions named finalist in Wealth Management’s “Wealthies” awards for industry-changing innovation
|

Annexus Retirement Solutions named finalist in Wealth Management’s “Wealthies” awards for industry-changing innovation

This article was originally published by PR Newswire. SCOTTSDALE, Ariz., July 12, 2023 – Annexus Retirement Solutions (ARS) has been named a finalist in the Wealth Management Industry Award category: In-plan Retirement Income – Product or Service, for its lifetime income solution, Lifetime Income Builder, along with its proprietary middleware solution, the Annexus Retirement Data Exchange (ARDX). These…

In-Plan Income Has Arrived (and It’s Coming for Your Rollovers)
|

In-Plan Income Has Arrived (and It’s Coming for Your Rollovers)

By John Manganaro This article was originally published by Think Advisor. State Street Global Advisors grabbed investment industry headlines in April with the launch of a new series of retirement-focused funds developed alongside Global Trust Co. and Annexus Retirement Solutions. In revealing their collaboration, leaders at the firms said the target date fund series is…

Annexus Unveils 2nd TDF Income Solution
|

Annexus Unveils 2nd TDF Income Solution

By NAPA NET STAFF This article was originally published by NAPA. Retirement Income Annexus Retirement Solutions has joined forces with State Street Global Advisors—the world’s fourth largest asset manager—to develop a target date fund (TDF) with an embedded income solution for the defined contribution (DC) plan marketplace. This is the second target-date fund (TDF) income…

Annexus and State Street to Create In-Plan Annuitization Program
|

Annexus and State Street to Create In-Plan Annuitization Program

By Allison Bell This article was originally published by Think Advisor. State Street Global Advisors will be using a feature developed by Annexus to persuade employers to add lifetime income options to 401(k) plans. State Street is putting the Annexus Lifetime Income Builder annuitization program in a new target date fund aimed at 401(k) plan…

Annexus, State Street Partner on TDF with Embedded Income Solution
|

Annexus, State Street Partner on TDF with Embedded Income Solution

Financial firms team up to launch target date fund embedding an in-plan income solution benefiting all parties in the DC value chain By Brian Anderson This article was originally published by 401k Specialist. Annexus Retirement Solutions is joining forces with State Street Global Advisors to develop a target-date fund (TDF) with an embedded income solution…

Nationwide, Capital Group, Annexus Team to Launch “Through’ TDF Income Product
|

Nationwide, Capital Group, Annexus Team to Launch “Through’ TDF Income Product

The new target date fund series will ‘help plan participants optimize accumulation during their working years and maximize lifetime income in retirement’ By John Sullivan This article was originally published by 401k Specialist Three heavyweights in the in-plan income space have teamed together to announce a new lifetime income target-date series. The NCIT American Funds…