Prudential Announces SimplyIncome for Workplace Plans
Prudential Financial Inc. noted the launch of SimplyIncomeSM, a single-premium immediate annuity, or SPIA, for employer-based retirement programs being administered by Fidelity Investments. The announcement came after Fidelity went live nationally with a 401(k)-to-annuity employee benefits offering .
Prudential is one of a number of insurers on Fidelity’s Guaranteed Income Direct platform, with its offering going to more than 100,000 plan participants, according to Prudential.Ann Nanda, head of Future Growth Initiatives and Distribution Enablement at Prudential Retirement Strategies, notes that the collaboration with Fidelity helps expand access to retirement security for more consumers and […]
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