COLUMBUS, Ohio, Feb. 4, 2021 /PRNewswire/ — Nationwide and Annexus Retirement Options today introduced that they have partnered to deliver to market place Life time Revenue Builder, an modern in-prepare confirmed cash flow remedy that is constructed to enable retirement program participants maximize their retirement cash flow. The new retirement plan investment selection, slated to launch later on this 12 months, is an expansion of an now profitable partnership among Nationwide and Annexus, which has involved bringing new products and solutions to marketplace in excess of the previous seven years.

Passed in late 2019, the Placing Each and every Community Up for Retirement Enhancement (Safe) Act designed possibilities to supply a lot more flexibility and access to annuities inside outlined contribution retirement strategies. In addition to the legislative improve, analysis demonstrates consumers’ want for lifetime money is stronger than ever.

These insights have paved the way for Life span Cash flow Builder, a new in-approach assured cash flow remedy which gives prepare sponsors an effective structure developed to be QDIA compliant and which delivers a combination of liquidity, portability, and relieve of use that is at the moment lacking from other in-strategy money remedies. This revolutionary investment solution brings together confirmed life time money together with a systematic withdrawal technique that successfully handle the dangers a participant faces in producing retirement cash flow.

“It’s an exciting time— a legitimate paradigm shift—for the office retirement prepare marketplace and the strategy participants we provide,” reported Eric Stevenson, President of Nationwide Retirement Strategies. “Lifetime Revenue Builder is the most recent in our suite of in-program ensures created to handle savers’ rising cash flow requirements throughout all prepare varieties and sizes. This progressive new investment solution allows us to far better serve current approach sponsors and consultants although also reaching new clientele by offering their participants with the security they request, and the guaranteed money they have to have, to enable them obtain a more safe retirement.”

Nationwide and Annexus Retirement Remedies joined forces to produce a aggressive in-prepare solution that will help deal with the participant’s risk of outliving revenue, one particular of the biggest financial worries faced by many Us residents right now. This solution embeds a set indexed annuity with a confirmed lifetime withdrawal gain – the Lifetime Income Builder – immediately into a collective investment have faith in consisting of a collection of focus on date money. This boosts revenue opportunity while keeping a common expenditure experience for the participant due to the goal day fund composition.

“Until now, the retirement planning industry hasn’t produced it effortless for participants to know how to safe their economic foreseeable future,” said Don Dady, Co-Founder of Annexus, the parent enterprise of Annexus Retirement Remedies. “The risks in retirement involve an built-in resolution for most contributors to optimize the probable money from their retirement approach. Lifetime Money Builder is developed to obtain this aim devoid of requiring individuals to give up manage or overall flexibility. In partnering with Nationwide, this option is easier for a participant to comprehend offered the target date fund framework, with the added profit of supporting to increase success for the participant to and by means of retirement.”

Nationwide functions intently with a very carefully preferred group of major-tier asset managers that meet a greatest-in-course analysis course of action. Performing with a top asset supervisor, along with the Annexus Retirement Options partnership, will help permit the advancement and distribution of a collective investment decision have confidence in goal day fund collection with the additional reward of the Life span Profits Builder.

About Nationwide
Nationwide, a Fortune 100 firm based in Columbus, Ohio, is a single of the most significant and strongest diversified insurance policies and economical providers organizations in the United States. Nationwide is rated A+ by the two A.M. Best and Typical & Poor’s. An sector chief in driving purchaser-targeted innovation, Nationwide gives a complete array of insurance and economic solutions solutions which include car, small business, house owners, farm and daily life insurance plan community and personal sector retirement programs, annuities and mutual resources surplus & surplus, specialty and surety pet, motorbike and boat insurance. For additional information, go to Abide by the agency on Fb and Twitter.

About Annexus Retirement Answers
Annexus Retirement Methods styles items that help functioning Individuals safe their fiscal futures major up to, and all the way by way of, retirement. These options are financially engineered to give outlined contribution strategy individuals a seamless method to improve price savings, assistance maximize a supply of life time profits, and shield against the largest problem in retirement – outliving their earnings. Annexus Retirement Answers is backed by Annexus, the foremost impartial developer of insured wealth management remedies. In 2019, Blackstone created a strategic expense in Annexus, attaining a minority stake in the firm.

Nationwide, the Nationwide N and Eagle, and Nationwide is on your facet are services marks of Nationwide Mutual Insurance policies Organization. © 2021 Nationwide


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