The new retirement savings product, launched in partnership with Pacific Life, offers a fresh option for defined contribution plan participants.
OCT 15, 2024
T. Rowe Price is building on its leadership in the retirement space through a new tie-up with Pacific Life.On Tuesday, the firm announced the launch of Managed Lifetime Income, a retirement solution aimed at providing predictable, lifelong income for retirees in defined contribution plans.The offering blends a managed payout investment from T. Rowe Price with a qualifying longevity annuity contract from Pacific Life, creating a product that combines professional asset management with guaranteed monthly payments.The MLI solution builds […]
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