Service Providers
State Street Global Advisors has announced the launch of a new deferred lifetime income solution, developed in partnership with the University of California (UC).
According to a Nov. 29 press release , IncomeWise™, a deferred lifetime income solution, has launched within the UC’s defined contribution plans, which serve more than 300,000 participants and include over $34.6 billion in assets.The Deferred Lifetime Income at UC product was introduced into Pathway, the university’s target date fund, in August 2021. It was described as a “next generation solution that blends the flexibility and simplicity of traditional target date funds with the security […]
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