(planadviser) BlackRock analysts tackle the timely and vexing issues of retirement income strategies and the potential greater use of in-plan annuity products in a new white paper , “Income reimagined: expanding DC from saving to spending.”
According to BlackRock, plan sponsors, providers and legislators are all showing growing interest in providing guaranteed or income annuity options within defined contribution (DC) retirement plans. But so far, BlackRock finds, no consensus approach has emerged.
“Despite the rational case that can be made for lifetime income solutions, a number of participant biases and behavioral financial barriers need to be overcome to drive adoption,” […]
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