By Kerry Pechter
To educate participants, JPMAM's ‘My Retirement Income Planner,' an online tool for 401(k) participants, will help them decide whether to cover 25% of their plan savings with an Equitable or Prudential lifetime income guarantee at retirement.
By Kerry Pechter
RIJ intends to give plan sponsors, plan advisors, retirement plan service providers and others an up-to-date, easy-to-access source of curated information and competitive intelligence on products and processes that can help 401(k) participants turn their savings into income.
By Kerry Pechter
But the Department of Labor's Employee Benefits Security Administration still has concerns about 'insurers’ ownership structures; exposure to risky assets... and use of affiliated and offshore reinsurance.'