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…
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…
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…
Nationwide and Annexus are teaming up to promote in-plan annuities to employer-sponsored retirement plans. By Allison Bell This article was originally published by Think Advisor he companies have joined with Capital Group — the parent of American Funds — to introduce the NCIT American Funds Lifetime Income Builder Target Date Series funds. The new TDF…
In response to the SECURE Act, these industry leaders have launched an innovative new target date fund series designed to help plan participants optimize accumulation during their working years and maximize lifetime income in retirement This article was originally published by PR News Wire COLUMBUS, Ohio, Oct. 19, 2021 /PRNewswire/ — Leading insurance and financial…
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….