Retirement Income Consortium
Empowering the adoption of guaranteed income options within retirement plans.
To help accelerate the adoption of guaranteed income solutions in retirement plans, Broadridge has launched the Retirement Income Consortium. The initiative brings together comprehensive expertise in an effort to help make retirement security a reality for all Americans.
As part of its mission, the Retirement Income Consortium has set out to educate the industry on the various components and drivers of in-plan retirement income. Register for an upcoming event to learn more. Or, explore these resources:
Prudent Practices for Plan Fiduciaries
In 2019, insured in-plan retirement income solutions took a major step forward with the enactment of the SECURE Act. The law created a fiduciary safe harbor for selecting the issuer of guaranteed retirement income contracts and significantly facilitated the portability of these products for participants. While fiduciaries must still follow a prudent process in selecting and monitoring in-plan retirement income solutions, the legislation fostered new interest and discussion surrounding this essential issue for plans and participants. In this session, Fred Reish and Bruce Ashton discuss practical tips for selection and monitoring of in-plan retirement income options.
Click here for an overview of how in-plan solutions differ from the retail annuity market and how this can benefit participants in a retirement plan.
Click here to gain an overview of retirement income as a concept. Presenters explore the forces driving retirement income and why now is the time when it hasn’t been successful historically.
Click here to learn about the Retirement Income Consortium. You hear about its multi-year plan to educate advisors and plan sponsors as well as create a fiduciary framework for retirement income solution evaluation.
The Retirement Income Consortium:
Broadridge Fi360 Solutions
|Fiduciary Insurance Services
Principal Financial Group®