BLOGS. March 24, 2025
2024 鈥� Growing Connected Recordkeepers And Retirement Income Solutions
The infrastructure build-out essential for the implementation and adoption of retirement income solutions continued at a frenzied pace in 2024. Defined contribution (DC) retirement income adoption continues to increase. According to LIMRA (Life Insurance Marketing and Research Association), 2024 was the third consecutive year of record-setting annuity sales.[1] The LIMRA data demonstrates that DC plan participants want access to retirement income, but are currently forced to access solutions outside their retirement plan. Retirement income access will continue to expand as more recordkeepers go live with their retirement programs in 2025 and offer robust retirement income solutions for plan participants.
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