Apollo, Athene, Announce Investment in Lifetime Income Tech

Apollo, Athene, and Motive Partners have announced the purchase of ARS, a guaranteed lifetime income solutions and technology provider for the defined contribution (DC) market.

ARS has created a multi-carrier technology, Lifetime Income Builder, to offer guaranteed lifetime income features within the DC market, including directly into target date fund (TDF) products. 

“ARS’s technology for the defined contribution market will redefine the way Americans use guaranteed income to retire with certainty,” said Jim Belardi, CEO of Athene. “With ARS, we have a platform to deliver next generation target date fund solutions that are needed to drive better retirement outcomes.”

According to a release, the investment in ARS was made by the acquisition of all outstanding shares by a new entity owned by Athene and funds advised by Motive Partners. ARS will continue to operate independently as it seeks to scale its multi-carrier offerings across the defined contribution ecosystem. Lifetime Income Builder technology is currently powering the State Street GTC Retirement Income Builder Series and is sponsored by Global Trust Company.