DPL, Offering Commission-Free Annuities, Gets $23M in Funding
The investors include the venture arm of annuity seller and recordkeeper TIAA.
Tag: Guaranteed income
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...
T. Rowe Price Enters In-Plan Lifetime Income Market
Pacific Life will back the solution’s underlying qualified longevity annuity contract.
Apollo, Athene Targeting DC In-Plan Annuity Market
The asset manager and the country’s top retail annuity seller are working on a TDF that would include annuities and...
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...
In-Plan Annuity Providers Advised to Lean On ‘Pension Nostalgia’
A consumer focus group run by Hearts & Wallets found increased interest for in-plan retirement income annuities—though often for ‘someone...
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.
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...
Rebutting 7 Retirement Income Concerns
ERISA expert Bonnie Treichel and QPA adviser Matthew Eickman teamed up to consider common objections to in-plan lifetime income options.
Product & Service Launches – 3/28/24
Guardian Life adds new RILAs; Voyant offers advisers retirement planning analysis for clients; ADP partners with Summer on SECURE 2.0...
Empower Announces Suite of Guaranteed Income Solutions For Retirement Plans
Empower plans to distribute the four new offerings through advisers and consultants.
Why Advisers Should Think of Social Security as a Fixed Asset Class
A retirement plan adviser is pushing the industry to consider Social Security’s place as a fixed asset for U.S. workers—and...
Product & Service Launches – 1/25/24
Prudential announces Fidelity-related SimplyIncome annuity solution; Betterment launches small business student loan 401(k) matching program; Corebridge brings multi-year guaranteed annuity...
Fidelity Goes National With 401(k)-to-Income Annuity Offering
Fidelity’s Guaranteed Income Direct gives participants the option of converting some or all of their retirement savings into a monthly...
KKR to Buy Final 37% of Annuity Provider Global Atlantic for $2.7B
Already the majority owner, KKR will take full ownership to solidify its insurance footprint and the connection to its asset...
Transamerica, ADP Each Add In-Retirement Plan Annuity Options
With the announcement, Transamerica becomes the first recordkeeper to offer State Street’s TDF with an embedded annuity, while ADP adds...
Publisher’s Note
A Shift Toward Annuities
If you won the lottery, would you take the lump sum, or the monthly payments? I’ve heard that most people...
New PBGC Guarantee Levels, Premiums Announced for 2024
The PBGC also released new guarantee tables for different annuity types.
Social Security COLA Announced as 3.2% for 2024
Monthly Social Security checks will increase about $59, a lower increase than in recent years but still larger than the...
Survey: 73% of Top Advisers Chat In-Plan Annuities With Clients
PLANADVISER’s quarterly pulse survey finds the majority of retirement plan advisers “occasionally” discuss in-plan options, but some don’t see the...