Leading the charge for lifetime income
In this issue of next, we’ll explore topics around lifetime income how we think all the pieces of the puzzle fit together. First, we examine the considerations for plan sponsors when evaluating potential lifetime income solutions. We also examine the research on the perceived role and responsibility of plan sponsors when it comes to offering lifetime income to participants. Next, we dive into the considerations plan sponsors should undertake to communicate any potential changes to participants. The education and messaging concerns around changing a retirement plan menu are complex and convoluted and need to be handled delicately. Third, we look back through the history of the retirement industry in the U.S., looking at how we got to where we are today, and why we think Nuveen and TIAA are well placed to lead the industry into the future. Finally, we have a Q&A with our CEO, Jose Minaya, to look at why this is a topic that matters to him personally, and to our firm as a whole. We need to ensure that everyone has an equal chance of a comfortable retirement, and closing racial gaps in retirement savings is a major part of that.