Image credit: © Dizain777 | Dreamstime.com Cerulli Associates confirms that as retirement income becomes the most top-of-mind issue in the defined contribution investment-only (DCIO) asset manager community, annuities are gaining steam as an embedded component of target-date funds. “The importance of a simple, streamlined approach to crafting guaranteed income products for the litigious, fee-sensitive DC market cannot be overstated.” According to The Cerulli Report—U.S. Defined Contribution Distribution 2022: Tailoring Solutions to the Consultant-Intermediated Fiduciary Landscape , one in four target-date managers offers a target-date fund with an annuitization component.
“In the 36 months following the passage of the SECURE Act—which […]
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