MassMutual Financial Group has created a new division to help it serve the retail retirement accumulation and income market.

The unit, MassMutual Retirement Income, will provide help to advisors in building clients’ accumulation and guaranteed lifetime income needs, according to MassMutual, Springfield, Mass. The unit combines MassMutual’s annuity and income management groups.

Drew Dickey, senior vice president for retirement income of Massachusetts Mutual Life Insurance Company, will head the new group.