According to recent research, the majority of plan sponsors have an interest in guaranteed retirement income options, but very few are taking actionable steps toward an option—just 15%, according to a PGIM survey of 155 plan sponsors earlier this year. Meanwhile, many retirement plan advisers, though likely aware of the various options currently in the market, may still be on the fence about the fiduciary risks of implementing them with clients.
Cathy Marasco, assistance vice president and product development head for Nationwide Financial, believes there are several misperceptions held by plan sponsors, and likely some advisers, when it comes to […]
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