Solution Aims to Address Challenges With Annuity Adoption in 401(k)s
Embedded in TDFs, an annuity product that provides lifetime income and growth and can be traded every day just like mutual funds is coming to market by the summer.
Reported by
Since Annexus announced the launch of Annexus Retirement Solutions in December, the new division has focused on re-engineering the target-date fund (TDF) structure to enable the funds to provide lifetime income as part of defined contribution (DC) plans.
In partnership with Nationwide, a new solution from Annexus will enter the market by the summer that attempts to do just that. Annexus Retirement Solutions has filed a number of patents on its solution.