Pandemic Highlights Need for Retirement Income Certainty
There is currently a gap between the growing demand for lifetime income options and the offerings from plan sponsors.
Source: etftrends.com
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There is currently a gap between the growing demand for lifetime income options and the offerings from plan sponsors.
Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.
Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.