Image Credit: © Nataliia Mysik | Dreamstime.com Pacific Life and Franklin Templeton announced a strategic agreement to expand access on guaranteed lifetime income streams as an employee benefit.
The two firms will bring together Pacific Life’s Income Horizon and Franklin Templeton’s Goals Optimization Engine (GOE) to form a personalized income approach structured within collective investment trusts (CITs) to ease implementation.
The lifetime income framework will allow defined contribution (DC) plan participants to seamlessly convert a portion of their accumulated retirement savings into a guaranteed income stream for life inside of their existing plan, Pacific Life explained in a release . The […]
Full Post at 401kspecialistmag.com