Tag: annuity

Sponsors are beginning to be willing to adapt their plans to accommodate retirees' lifetime income needs.

After previously failing to get DOL approval for a target-date fund design that involves an annuity and reinsurance component, LGIMA hopes the Trump Administration will more readily allow...

Mike Sasso, with Portfolio Evaluations, and a professor at Boston University,  explained a new way of thinking to get plan sponsors to focus on retirement income for participants.

Notably, more than 60% of employers want to keep retirees in their plan, and they are looking to change their targeted communications to inspire action, Alight Solutions found.

The majority of DB plan sponsors plan to completely divest all of their company’s liabilities in the near future

However, retirees spend 32% less than non-retirees.

MassMutual will take on approximately $50 million of the company’s pension plan obligations.

Nearly half of workers feel confident about their retirement prospects, an AllianceBernstein survey found.

One option is through a profit sharing plan that invests the money in an annuity once a participant retires.

The objective is to educate Americans about the importance of protected lifetime income solutions.

Variable annuities continue to face challenges in the wake of transaction processing disruptions caused by the now-vacated DOL fiduciary rule; however, experts anticipate sales to recover as business...

With many Boomers retiring, the research firm says the industry is at “an inflection point.”

Approximately 41,000 FedEx retirees and beneficiaries in defined benefit pension plans will receive annuity benefits.