Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
IRIC Encourages Adoption of Retirement Income Solutions
IRIC, a non-profit think tank for the institutional retirement industry, believes employees will actually welcome the introduction of retirement income products as they have with other employer-driven retirement plan initiatives, such as automatic enrollment, automatic escalation, and automatic investment solutions. The issue brief notes these employer initiatives have resulted in positive outcomes – higher participation rates, higher investment levels – and have also been met with participant acceptance.
“We feel strongly that there is every reason to assume that a similar level of participant acceptance would be extended to retirement income products. In fact, such employer activism might actually be welcomed,” said William Charyk, a partner at Arent Fox LLP, adviser to IRIC and author of the issue brief.
To obtain a copy of the issue brief, “Retirement Income Products: Will Employees Welcome or Resent This Form of Employer Activism,” visit http://iricouncil.org/iricArticles.You Might Also Like:
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/07/15153715/PA-071524-Osaic-Adds-Retirement-Income-for-Advisers-1323034997-web-432x243.jpg)
Osaic Enhances Retirement Income Tool for Financial Advisers
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/07/03140344/PA-070524-Broadridge-Retirement-Evaluator-1475012733-web-432x243.jpg)
Broadridge Launches Retirement Income, Stable Value Evaluator
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/06/26144508/PAPS-062624-Tech-Needs-for-Retirement-income-1488614998-web-432x243.jpg)