The conversation around guaranteed lifetime income has been steadily growing since the SECURE Act of 2019 changed safe harbor provisions to protect in-plan annuities. Participants have long wanted lifetime income built within their retirement plans to mirror the benefits of now essentially extinct defined benefit plans. They understand that guaranteed income has a significant role in securing their retirement and are looking to their employer to help them in that process.
When asked about their views specifically on guaranteed income, many plan sponsors see that a guaranteed income solution can improve the risk/return profile for participants. In addition, they see a growing need to explore the available options for lifetime income given the current market environment, but where do plan sponsors begin?
September 17, 2024 at 10:00 AM PST / 1:00 PM EST
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Jessica is the Head of Strategic Accounts for Nuveen Retirement Investing. She leads a team of dedicated retirement investment professionals focused on meeting the growing demand for Nuveen investment and TIAA Lifetime Income Solutions in the defined contribution marketplace. |
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