The new division of Annexus will focus on “re-engineering” target-date fund (TDF) structures to better enable guaranteed lifetime income as part of defined contribution (DC) plans. By John ManganaroThis article was originally published by PLANSPONSOR.com Annexus has announced the launch of a venture called “Annexus Retirement Solutions,” a new division that will focus on “re-engineering” the…
By Charles E.F. MillardThis article was originally published by National Association of Plan Advisors When the SECURE Act was signed into law in December of 2019, it seemed that plan sponsors would be focused on lifetime income solutions in 2020. Instead, the COVID-19 crisis struck. Since then, asset managers, recordkeepers, insurance companies, and consultants have…
By Charles E.F. MillardThis article was originally published by Pensions & Investments There are three characteristics necessary for a sound retirement system: sustainability, professional liability-focused investment management and pooling of risks. These are the traits that make a retirement system work. Unfortunately, the 401(k) system in the U.S. currently lacks each of these traits. The…