Plan sponsors are increasingly focusing on retirement income solutions for their clients, according to a new survey by Pimco.
The bond giant’s 18th Annual Defined Contribution Consulting Study, which polled 28 consultants and advisory firms managing over $5 billion in defined contribution assets, revealed that nearly 90 percent of large institutional consultants consider income generation during retirement their top priority. This marks a 21 percent increase from the previous year.
Pimco’s new survey , which highlights the growing importance of income solutions as plan participants’ demographics evolve, polled firms serving more than 15,000 clients, capturing a wide range of industry […]
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