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Products July 30, 2026
Product & Service Launches
MissionSquare activates Income America 5forLife; T. Rowe Price, Goldman Sachs debuts private markets fund; Corebridge adds new capabilities to index annuities; and more.
Reported by
Valentina Baez
MissionSquare Activates Income America 5forLife Fund
MissionSquare activated its Income America 5forLife Balanced Fund, a product via which retirement plan participants can convert a portion of their savings into guaranteed income.
MissionSquare and Income America LLC announced their partnership for the fund in July 2025. It is now available to eligible MissionSquare-administered plans.
5forLife is a guaranteed lifetime income investment option offered within the MSQ Trust Series, designed to work within existing plan structures.
MissionSquare managed and administered more than $73.6 billion in assets as of June 30.
T. Rowe Price, Goldman Sachs Debut Private Markets Fund
The interval fund combines the leadership of T. Rowe Price’s multi-asset and equity investment teams in portfolio construction and late-stage private equity investing using Goldman Sach’s global alternatives platform and the private credit platform of T. Rowe Price—Oak Hill Advisors.
T. Rowe Price managed $1.89 trillion in client assets as of May 31. Goldman Sachs oversaw approximately $4 trillion in assets under supervision as of June 30. Oak Hill Advisors had $112 billion in assets under management as of March 31.Corebridge Adds New Capabilities to Index Annuities
Corebridge Financial Inc. added Protected Growth Benefit and preset allocation options to select versions of its Power Series of Index Annuities to enhance the accumulation and diversification capabilities of the company’s index annuity lineup.
Protected Growth provides a guaranteed minimum accumulation benefit at the end of the withdrawal charge period. The current Protected Growth Benefit rate for contracts with a seven-year withdrawal charge period is 26.25%.
Corebridge Financial had more than $380 billion in assets under management and administration as of March 31.
Direxion Rolls Out Defined Income Bost ETFs
Direxion launched Defined Income Boost, a suite of six exchange-traded funds that seek income by writing call options on individual high-volatility stocks.
The six funds are:
- Direxion NVDA Defined Income Boost ETF;
- Direxion TSLA Defined Income Boost ETF;
- Direxion GOOGL Defined Income Boost ETF;
- Direxion META Defined Income Boost ETF;
- Direxion PLTR Defined Income Boost ETF; and
- Direxion MU Defined.
Defined Income Boost ETFs offer income drawn from stocks investors already follow, sourced from an options strategy, rather than from the position itself. It also extends Direxion’s derivatives expertise into income from leveraged and inverse strategies.
Direxion had approximately $85.4 billion in assets under management as of June 30.
PensionBee Releases Rollover, TPA Integration with ASC
PensionBee Group PLC, an online retirement provider, partnered with Actuarial Systems Corp., a provider of retirement plan automation software, to simplify automatic rollovers for ASC clients, other third-party administrators and its clients.
ASC and PensionBee’s partnership is expected to minimize manual file preparation and processing for automatic rollovers into PensionBee’s Treasury Portfolio and broaden access to PensionBee’s Automatic Rollover Individual Retirement Account.
PensionBee manages more than $10 billion in assets and serves 315,000 customers.
WTW Upgrade Modeling Platform With Pension Capabilities
WTW announced the release of the newest version of RiskAgility Financial Modeler U.S. Library, its modeling platform for life insurers. RiskAgility FM U.S. Library 7.4 introduces a new deferred pension annuity application developed primarily for pension risk transfer transactions and valuations of existing pension blocks with deferred lives.
The pension annuity application models benefit payments for participants in a defined benefit pension plan under multiple retirement ages and forms of payment, producing projected cashflows and reserves.
Conquest Partners With Shaping Wealth’s AI Agent
Conquest Planning Inc., the artificial-intelligence-powered technology platform for financial advisers, and Shaping Wealth, a provider of engagement products for the wealth management industry, announced a new integration that brings Lydia, Shaping Wealth’s AI-powered behavioral intelligence agent, directly into Conquest.
Lydia works alongside SAM Guide, Conquest’s AI agent, to answer questions and provide behavioral coaching for advisers. Both agents are designed to expand Conquest’s advice delivery capabilities by helping advisers identify financial strategies and communicate them to clients.