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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. ....
Press release content from PR Newswire. The AP news staff was not involved in its creation. Nationwide Partners with Annexus Retirement Solutions to Introduce Lifetime Income Builder: Next-Generation In-plan Guaranteed Income Solution February 4, 2021 GMT COLUMBUS, Ohio, Feb. 4, 2021 /PRNewswire/ Nationwide and Annexus Retirement Solutions today announced that they have partnered to bring to market Lifetime Income Builder, an innovative in-plan guaranteed income solution that is built to help retirement plan participants maximize their retirement income. The new retirement plan investment option, slated to launch later this year, is an expansion of an already successful partnership between Nationwide and Annexus, which has involved bringing new products to market over the past seven years. ....
Nationwide, Annexus Roll Out ‘Next-Gen’ In-Plan Guaranteed Income Solution “Lifetime Income Builder” meant to help 401(k) plan participants maximize their retirement income Nationwide and Annexus Retirement Solutions today announced that they have partnered to bring to market “Lifetime Income Builder,” an in-plan guaranteed income solution that is built to help retirement plan participants maximize their retirement income. The new retirement plan investment option, slated to launch later this year, is an expansion of an existing partnership between Columbus, Ohio-based Nationwide and Scottsdale, Ariz.-based Annexus, which has involved bringing new products to market over the past seven years. Passed in late 2019, the SECURE Act created opportunities to provide more flexibility and access to annuities within defined contribution retirement plans. In addition to the legislative change, Nationwide points to research showing consumers’ need for lifetime i ....
Vanguard Announces Plans to Launch Ultra-Short Bond ETF Vanguard has filed an initial registration statement with the Securities and Exchange Commission (SEC) to launch the Vanguard Ultra-Short Bond ETF. The actively managed exchange-traded fund (ETF) will offer a low-cost, diversified option for investors seeking income and limited price volatility. Vanguard Fixed Income Group will serve as investment adviser to the new ETF, which is expected to launch in the second quarter of 2021. “We are excited to present investors with a new solution for managing short-term cash needs and to offer our world-class active fixed income expertise through an ETF,” says Kaitlyn Caughlin, head of Vanguard Portfolio Review Department. “Vanguard’s history of competitive active performance is enabled by rigorous fund oversight, access to a diverse roster of active management talent and our ability to keep costs low.” ....