view in browser | plansponsor.com

week ending October 16th, 2020 Provisions in the Setting Every Community Up for Retirement Enhancement (SECURE) Act aim to relieve retirement plan sponsors’ concerns about including guaranteed income options, specifically annuities, in their defined contribution (DC) plan designs. Educating plan sponsors about annuity options and helping them know how to educate their participants is an important first step in increasing annuity offerings in plans. Plan sponsors need to understand their choices and responsibilities and understand what to consider before implementing guaranteed income solutions in their plans. This edition of PLANSPONSOR Weekend includes articles that will aid in this understanding. Have a great weekend and please be safe. Editor's Choice Opinions Retirement Income: Spotlight on Annuities Peg Knox, with the Defined Contribution Institutional Investment Association (DCIIA), discusses what plan sponsors should consider before implementing an income solution. Administration PSNC 2020: Duties With Regard to Annuities The momentum for offering annuities to DC plan participants is growing, and plan sponsors need to know their responsibilities and choices. Investing Getting Portability Right Key to Annuities in DC Plans Confidence exists that insurers will come up with solutions to address the possibility that plan sponsors may at some point make provider changes. Investing Painful Market Losses Help Paint Annuities in Positive Light This significant bout of negative market volatility, coming as it does on the heels of the passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, presents an important learning opportunity about the role of annuities. Administration The Future for Annuities in DC Plans The SECURE Act offered an annuity selection safe harbor for plan sponsors, but education will be the first step in getting this income protection to plan participants. Popular Reads Deals and People Empower to Acquire Prudential's Full-Service Retirement Business The company says it expects the acquisition to benefit retirement plan participants, and, by leveraging new capabilities from its 2020 acquisition of Personal Capital, it will offer a personalized digital experience  2020 Recordkeeping Survey Benefits Giving Employees the Financial Wellness Help They Want Offering an array of benefits—addressing both physical and financial wellness—and implementing personalized experiences will set employees up with what they need. Deals and People Prudential Acquisition Aimed at Improving Participant Experience Empower CEO Ed Murphy says the Prudential recordkeeping team has tremendous bench strength. Data and Research Factors That Can Cut the Cost of Fiduciary Liability Insurance An Aon survey of insurers revealed risks they look for that affect insurability and pricing, but good governance practices have been a key factor for years. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise

©2021 Asset International Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850