By providing timely and relevant content authored by leading industry experts, such as research, white papers, regulatory updates and other educational information, the IRIC is demonstrating its commitment to building awareness about the value of retirement income solutions.
How Much Retirement Income Can your Savings Generate
Author – Steve Vernon
Click here to view the article.
IRIC Virtual Face-to-Face Meeting
Click here to view the recording from the meeting.
Plan Sponsors Have Multiple Options for Creating Income Streams for Participants
Annuities should be considered, and the type to offer in a DC plan depends on several factors.
Recording of Webinar 1 – WHY? Retirement Income from a Plan Design and Settlor Function Perspective
Click here to view the recording from webinar 1.
IRIC’s segmentation committee reviewed the sponsor, recordkeeper and advisor segments of the DC market and found common attributes within each segment. By understanding the common attributes, constituents can efficiently identify those sponsors, advisors and / or recordkeepers that can successfully deliver institutional retirement income solutions
RI Segmentation Sponsors
IRIC Interview with UTC
Article brief – An interview with Kevin Hanney – Senior Director, Pension Investments at United Technologies Corporation (UTC) and the Institutional Retirement Income Council (IRIC)
IRIC Identifies Retirement Industry Trends to Watch in 2018
Iselin, NJ, January 8, 2018 – The Institutional Retirement Income Council (IRIC), a non-profit think tank for the retirement income planning community, today released its list of top retirement industry trends for plan sponsors, providers, and advisors to watch in 2018.
IRIC Update Volume 5, No. 2
Institutional Priced Retirement Income Solutions Deliver More Income.
IRIC Update Volume 5, No. 1
Plan Sponsors and Retirement Income: What’s In It For Me?
IRIC Update Volume 4, No. 1
Retirement Income Products: Which one is right for your plan?
IRIC Update Volume 3, No. 3
Quantifying Key Risks in Retirement.
IRIC Update Volume 3, No. 2
The Problem with Spending too Fast: Retirement Savings Withdrawal Rates.
IRIC Update Volume 3, No. 1
Retirement Income in DC Plans: What Our Experience with DB Plans Tells Us.
IRIC Update Volume 2, No. 10
Understanding How Guarantee Fees are Structured and Paid in Institutional Retirement Income Products.
IRIC Update Volume 2, No. 9
The Retirement Income Menu: An Idea Whose Time Has Come.
IRIC Update Volume 2, No. 8
Retirement Income Products: Will Employees Welcome or Resent This Form of Employer Activism?
Lessons learned from United Technologies’ Lifetime Income Strategy Initiative
January 2018, Money Management Report
An interview with Kevin Hanney – Senior Director, Pension Investments at United Technologies Corporation (UTC)
October 2017, United Technologies Corporation and Institutional Retirement Income Council
Industry Research: Articles that summarize research findings but do not include information about specific products.
Benefits Pro Q&A on Retirement Income Solutions
Redefining the Goal of Retirement Planning – Essay Collection by Steve Vernon and Others
From Savings to Income: The Next Evolution of Defined Contribution Plans
January 2020, Prudential
No one rushing to add annuity income option
SECURE Summary by Drinker Biddle
January 2020, Drinker Biddle
2019 Willis Towers Watson Lifetime Income Solution Survey Results
September 2019, Willis Towers Watson
Georgetown Report on Retirement Income Solutions
While auto enroll, auto invest and auto escalate are innovations that are having a positive impact on savings and investing during the accumulation years, there has been less innovation in the tools and solutions to help participants once they reach retirement. However, demand is growing for DC plans to evolve from accumulating retirement savings to generating retirement. Willis Towers Watson along with the Center for Retirement Initiatives (CRI) look at the demand for income, the various solutions available on the market, why it is critical to offer income solutions within our DC system and how we can use behavioral finance to nudge folks to a more secure retirement.
June 2019, Willis Towers Watson
QDIA evolutions – Moving defined contribution plans into the future
This Willis Towers Watson study explores the evolution of QDIAs , how forward thinking sponsors are using QDIAs today and if the inclusion of retirement income into the QDIA can improve plan design for certain sponsors.
April 2019, Willis Towers Watson
Providing incentives for annuities within retirement plans
October 2018, TIAA
To mature into a strong safety net, workplace retirement plans must be able to deliver guaranteed lifetime income
Guaranteed Retirement Income Update | Closing the Guarantee Gap Whitepaper
July 2018, TIAA
How policymakers can restore the role of lifetime income in workplace retirement plans.
Lincoln Secured Retirement Income Solution: Fiduciary Process in Evaluating In-Plan Guarantees
December 2017, Drinker Biddle Lincoln
The Retirement Decision: Current Influences on the Timing of Retirement Among Older Workers
September 2009, Watson Wyatt
This paper investigates the influences on retirement behavior among older workers who were surveyed by the Health and Retirement Study (1992-2004). It is found that increases in all categories of wealth (pension, housing equity and other financial wealth) raise…
Managing Retirement Benefits Amid Capital Market Disruption
This white paper discusses the challenges retirement plan providers face, and the increasingly active and critical role finance executives play in addressing those challenges. The paper examines the steps being taken to consider introducing new products that protect plan participants by providing guaranteed income during retirement…
How Best to Annuitize Defined Contribution Assets
Death of DOL Rule Drives RO Business
Microsoft and Blockrock Partnership with Retirement Income
BlackRock’s Decumulation in Defined Contribution – The Second Act
Fiduciary Implications of Flexible Retirement Income Solutions
GAO Report On Low Savings By Retirees
Pension Benefit Statements – Lifetime Income Illustrations, RIN 1210-AB20
ERISA Advisory Council Testimony
RESA 2018 Comment Letter
Letter In Support Of Retirement Income Disclosure 1
Letter In Support Of Retirement Income Disclosure 2
IRIC’s Comment Letter On ANPRM
Memo Re IRIC Meeting With Mark Iwry And Treasury
Design Matters: Plan Distribution Options
A Financial Wellness Primer | Why Financial Wellness?
Designing And Communicating Retirement For Humans
How To Pensionize Any IRA 401k Final
Stanford Retirement Income
Institutional Investment Advisors and Consultants Forum: Developing Expertise and Insights
Making the Case
Optimizing Outcomes with Available Solutions – Steve Vernon
Optimizing Outcomes with Available Solutions: Insured – Jeff Eng, CFA
Optimizing Outcomes with Available Solutions: Non-insured and out-of-plan – Ben Yahr, FS, CFA
Fiduciary Considerations – Prepared by Bruce Ashton, Presented by Martin Schmidt
Encouraging Utilization – Presented by Jean Martone
Administration Issues – Presented by Clark Frese
Integration with Advisor’s Existing Practice – John Pickett, Michael Preisz
Wrap-up – Martha Tejera