MetLife Inc., a provider of institutional income annuities, announced an expanded collaboration with Micruity, a retirement technology solutions firm, for MetLife’s Universal Digital Retirement Platform.
The new solution is an education, planning and annuity purchasing tool that integrates with current employment benefit, third party administrator and recordkeeping systems, the firms announced Thursday. Through the collaboration, plan sponsors will be able to increase access to immediate income annuities, provide educational materials on retirement income-related subjects and incorporate these options into their defined contribution plans.
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