Retirement

While over half of annuity providers already offer a retirement in-plan solution, a majority believe that automatic plan defaults will be the most effective catalyst for broader adoption, according to a Goldman Sachs annuity survey.

On July 1, a new Nuveen and TIAA campaign explores the power of guaranteed income in retirement planning through the story of Bonilla’s legendary income deal in 2000, when he deferred payment for 10 years – an unusual move at the time – similarly to a fixed annuity.

The Retirement Fairness for Charities and Educational Institutions Act of 2025 is supported by the National Association of Government Defined Contribution Administrators, which serves 15 million teachers, hospital workers, and nonprofit employees.

The world’s largest asset management firm has partnered with Great Gray to provide a TDF to serve as default investments for most 401(k) plans that automatically enroll workers, following a similar announcement from State Street, which announced a new target date fund in April.

The labor lawyer, insurance industry veteran — and kidney donor — received two votes from Democrats.

Amid heightened concerns around inflation, employees are increasingly interested in "comprehensive" retirement benefits, such as access to financial advisors, retirement planning support and retirement income solutions.