BlackRock Makes TDF With Annuity Option Its Plan QDIA
BlackRock plan participants will now be defaulted into its LifePath Paycheck, which offers an option to annuitize a portion of...
Tag: Annuities
DC Advisers Interested in Retirement Income Solutions, but Still Hesitant
Systematic withdrawals are still more commonly recommended than in-plan annuities, but that may shift in coming years, according to researchers...
Empower to Offer Income Products From Allianz, Putnam and TIAA
The country’s second-largest recordkeeper adds more annuity retirement income products, including its first on-platform fixed-index annuity.
DPL, Offering Commission-Free Annuities, Gets $23M in Funding
The investors include the venture arm of annuity seller and recordkeeper TIAA.
Nevada Joins NAIC Best Interest Annuity Rule, Making 48 States
Insurance industry groups are championing the move, because the state insurance regulations are one of the arguments against bringing retail...
Cetera to Acquire $16B RIA From Insurer
For the fourth time in five years, Cetera makes a deal with an insurance and annuity provider—this time Protective Life—to...
DC Consultant Survey Reveals Stronger Client Opinions on Retirement Income
DC plan consultants say plan sponsors are more likely to have clearer views on retirement income options, according to a...
TIAA Pens Multi-Year Deal With Accenture to Transform Its Retirement Recordkeeping
The deal will tee up about 1,500 TIAA employees in the U.S. and India to move to Accenture, while TIAA...
Insurers Collaborate to Digitize Retirement Income Annuities
The Insured Retirement Institute is leading the charge to improve the wait time for retail annuity sales and exchanges from...
JP Morgan Launches TDF With Guaranteed Income Annuity
The asset manager joins other large financial firms targeting the market for pension-like retirement saving in DC plans.
Franklin Templeton, Pacific Life Join In-Plan Lifetime Income Push
A new defined contribution managed account offers participants a chance to invest in a deferred fixed-income annuity.
Lifetime Income Design Firm ARS Elevates Paulsen to CEO
The former head of distribution will lead the retirement income design company that has partnered with State Street on an...
ERISA Advisory Council Makes Case for Annuities as Part of QDIA
An ERISA Advisory Council hearing explored expanding the use of annuities in default investment offerings.
Broadridge Launches Retirement Income, Stable Value Evaluator
The new tool allows plan fiduciaries to evaluate the growing list of in-plan DC annuity options.
Technology Integration ‘Linchpin’ for In-Plan Retirement Income
Middleware providers that offer annuity incorporation and portability across retirement plan recordkeeping platforms will play a key role in uptake,...
Taking a ‘Startup’ Job at a Legacy Insurer
Ben Thomason discusses why working in the in-plan guaranteed income space is akin to roles he’s held at startups.
Institutional Plan Consultants: Nearly 90% of Clients Want Income Solutions
PIMCO’s survey of DC plan consultants noted clients seeking a suite of both non-guaranteed and guaranteed income options.
Cetera Hires Jerry Patterson to Lead Retirement, Annuity Push
Firm taps Fidelity’s life insurance president to bolster retirement, life insurance and annuity offerings to its network of over 10,000...
Vetting of QDIAs Is Crucial as Options Proliferate
Fiduciaries must have a strong process to determine the best qualified default investment alternative for their plan’s participants, said a panel at...
Could Majority of TDFs Include Income Annuity in 10 Years?
Recordkeeper builds and government backing will be key elements of TDFs with annuity options taking hold, according to a panel...