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Income Annuities Are 'Best Solution for DC Plans'
Retirement Income Journal 
Dec. 11, 2020 "Annuitization products where an investor converts a lump sum to a guaranteed income stream in retirement are a 'better solution for defined contribution plans,' according to a recent [publication by] Cerulli ... But 64% of respondents to Cerulli's 2020 Target-Date Manager Survey still cite lack of plan sponsor demand for guaranteed retirement solutions as an obstacle to adoption -- despite the 2019 SECURE Act's provision of regulatory protections for offering annuities." |
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