Annuities have a place in defined contribution (DC) retirement plans, and sources say should the SECURE Act get passed and provide additional safe harbor clarification to sponsors, more sponsors are likely to warm up to the idea of offering annuities and guaranteed income choices to their participants.
“The greatest innovations in annuities are taking place among fixed annuities, and developing regulations to catch up to this innovation so that they can be default investments will be the next frontier in retirement plans,” says Doug McIntosh, vice president of investments at Prudential Retirement. “If we want to move the needle for […]
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