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Milliman says public plan funded levels have improved, and pension buyout annuities are cheaper. By Allison Bell This article was originally published by ThinkAdvisor Milliman Inc. says falling interest rates have hurt funding levels at large U.S. corporate pension plans, but that even modest increases rates could push funding levels way over 100%. The ratio…

Charles Schwab releases variable annuity options; Vanguard announces plans to launch ultra-short bond ETF; and Annexus Retirement Solutions releases Lifetime Income Builder. By Amanda Umpierrez This article was originally published by PlanSponsor Charles Schwab Releases Variable Annuity Options Charles Schwab has introduced two new variable annuities. The Schwab Genesis Variable Annuity is offered directly to…

By Charles E.F. MillardThis article was originally published by Pensions & Investments Throughout the presidential campaign, during the transition and at his inauguration, Joe Biden has consistently said he wants to renew bipartisanship in Washington. But the first step is finding something both parties can agree on. Fortunately, that challenge is not as monumental as…

By Dave Paulsen This article was originally published by 401(K) Specialist Annuities have been part of successful individual retirement income strategies for a long time. But the adoption of income solutions has eluded the institutional market for decades. This is because the design of these first-generation income solutions has been fundamentally flawed, creating the following…

The firm says the formal launch of Annexus Retirement Solutions precedes the rollout of innovative in-plan retirement income solutions in 2021. By John Manganaro This article was originally published by Plan Adviser. Annexus has announced the launch of a venture called “Annexus Retirement Solutions,” a new division that will focus on “re-engineering” the target-date fund (TDF)…

There has been a growing sense of urgency among defined contribution stakeholders By John SullivanThis article was originally published by 401(K) Specialist Annexus will begin offering annuities in target date funds, the company announced Tuesday, part of an effort to include lifetime income as part of defined contribution plans, “a necessary innovation that has eluded…

While Annexus is not yet ready to discuss specific products, it has filed six patents to bring retirement income products into the 401(k) space. By Diana BrittonThis article was originally published by  Wealth Management Scottsdale, Ariz.-based Annexus, which designs retirement income products, has launched a new division dedicated to building guaranteed retirement income products using…