Are Your Plan Sponsors (More) Interested in Retirement Income?
A new survey finds a massive shift in sentiment toward retirement income solutions – this week. The survey – of the “largest and mid-sized 401(k) consultants and advisors” was reported by fixed income money manager PIMCO – and it claims that “nearly two-thirds of respondents believe plan sponsors want to continue serving participants after they retire, up 14% from the previous year. Moreover, it notes that two-thirds of respondents recommend that plan sponsors offer a retirement income tier to serve retirees, packaged with a variety of retirement income solutions, in contrast to a single, all-in-one solution.