Plan participants want guaranteed income options, a survey finds. But certain barriers are preventing some recordkeepers from putting them on their platforms.
A version of this story ran previously in Financial Advisor IQ sister publication Ignites under a different headline.
Technological barriers and high costs have prevented many recordkeepers from adding guaranteed income options for retirement accounts on their platforms, a recent survey shows.Some 85% of plan sponsors want the ability to offer participants guaranteed income products in the next two years, according to a recent survey from Allianz cited in an SEI paper.The 2019 passage of the Setting […]
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