By Charles E.F. Millard This article was originally published by National Association of Plan Advisors. Lifetime income should be part of any 401(k) or defined contribution plan. In fact, more than three-quarters of employers say they are highly interested in incorporating a lifetime income solution into their plan. However, one important need must be met…
By Charles E.F. Millard Not all lifetime income solutions are designed equally. This may seem obvious to those following the field after passage of the SECURE Act, and it quickly becomes apparent when you begin to evaluate the various solutions through a participant lens. Any plan sponsor, advisor or participant considering a lifetime income solution…
By John Hilton This article was originally published by InsuranceNewsNet. Annexus Retirement Solutions occupied a niche position within the Annexus empire, creating and managing new annuity platforms for retirement plans. As the lone Annexus satellite not part of the blockbuster Integrity Marketing Group acquisition, ARS continues as an independent company prepared to pounce in a…
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…
Financial firms set to launch target date fund designed to deliver better participant outcomes and greater lifetime income with a multi-carrier model featuring major insurance providers SCOTTSDALE, AZ March 31, 2022 – Retirement income solution innovator Annexus Retirement Solutions announced today that it has joined forces with State Street Global Advisors, the world’s 4th largest…
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…
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…