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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
March 28, 2008 at 03:46 PM
An asset manager has selected an income annuity vendor for a new type of 401(k) plan funding product.
Barclays Global Investors N.A., San Francisco, a unit of Barclays Bank P.L.C., London, will be using a unit of MetLife Inc., New York, to supply income annuities for the company’s SponsorMatch program.
Employers that use the program to match employees’ contributions will get a combination of a target-date asset allocation fund, a classic institutional investment portfolio and an income annuity.
The program is designed to offer employees a both market growth and a guaranteed income stream, Barclays says.
MetLife will supply the deferred fixed income annuities in the accounts, Barclays says.
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