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Guaranteed income in retirement plans is a big issue—big because it’s important, complex, and getting a lot of attention, especially in the wake of the SECURE Act. It’s increasingly an industry focus, and now several players have come together to form a Lifetime Income consortium. Broadridge Fi360 Head John Faustino said it’s a targeted initiative to catalyze lifetime income adoption for the industry overall.
Faustino joins us to discuss the consortium, why lifetime income is critical, and address some of the criticism of guaranteed products.
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