Guaranteed income in retirement plans is a big issue—big because it’s important, complex, and getting a lot of attention, especially in the wake of the SECURE Act. It’s increasingly an industry focus, and now several players have come together to form a Lifetime Income consortium. Broadridge Fi360 Head John Faustino said it’s a targeted initiative to catalyze lifetime income adoption for the industry overall.
Faustino joins us to discuss the consortium, why lifetime income is critical, and address some of the criticism of guaranteed products.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
