Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Lifetime Income Contracts at Retirement: Participants Will See the Need If Employers Provide Financial Education
Business of Benefits [Opinion] Aug. 2, 2012 "[P]lan sponsors continue to be leery/reluctant to offer [Guaranteed Lifetime Income (GLI)] as an investment alternative or distribution option. [This reluctance is] aided and abetted by an ever-expanding and burdensome regulatory environment, a continuing weak economy making plan sponsors less inclined to consider enhancements and low interest rates which increases the cost to purchase GLI products. Couple the foregoing with costly compliance concerns and the dreaded 'F' word that plan sponsors can avoid by steering clear, it's not at all surprising that ... a reasonable time horizon prognostication for widespread acceptance and use of in-plan guaranteed lifetime income strategies now doesn't seem anywhere in sight." |
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