ARS, SS&C Partner on Lifetime Income Suite

SS&C Technologies Holdings, Inc. has announced that ARS, a guaranteed lifetime income solutions and technology provider for the defined contribution market, has partnered with SS&C Retirement Solutions to distribute and service its suite of Lifetime Income Builder retirement products.

ARS’ Lifetime Income Builder offers group fixed indexed annuities with a guaranteed lifetime withdrawal benefit. The guaranteed income products will be available to recordkeepers on SS&C’s Retirement Income Clearing & Calculation (RICC) Platform.

“The partnership between SS&C and ARS will help more Americans become retirement ready. By providing access to a solution with benefits participants expect—easy-to-use, professionally managed portfolios they control at all times—ensuring they will not run out of income in retirement,” said Joe Boan, chief distribution officer at ARS.

“To change the way Americans retire, we have to make it easier for recordkeepers to offer innovative solutions like Lifetime Income Builder,” added Abby Canfield, chief operating officer at ARS. “The integration of the Lifetime Income Builder-based solutions and ecosystem with the SS&C RICC platform enables this by creating seamless fund administration capabilities.”

ARS will gain access to distribution opportunities across recordkeeping platforms for its suite of target date funds integrated with Lifetime Income Builder. Recordkeepers can add Lifetime Income Builder funds to their offerings through their CUSIPs.