Says WTW's Dana Hildebrandt, "To ultimately breed real momentum for income solutions, sponsors will need to see adoption by other plan sponsors." (Photo: Shutterstock)
Delivering retirement income solutions in defined contribution plans—referred to in industry as the "last mile"—presents a significant challenge that will require deeper coordination among lawmakers, regulators, service providers, and employers.
Nevertheless, a "perfect storm" of opportunity is on the horizon, says Dana Hildebrandt, a director with Willis Towers Watson.
"It's difficult to say how long it will take, but we are closer than we have ever been. That I can say with certainty," said Hildebrandt, who specializes in developing retirement income solutions for sponsors of large and jumbo retirement plans.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
