Nationwide Insurance and Capital Group have created a target-date fund series that incorporates a fixed-indexed annuity with a guaranteed lifetime withdrawal benefit.
The funds, known as the NCIT American Funds Lifetime Income Builder Target Date Series, will be available as an investment option in defined-contribution plans.
The annuity portion of the product was invented by Annexus Retirement Solutions, Nationwide said in a release.
“The TDF Series is financially engineered to deliver a total income of 6% at the projected retirement start date,” Nationwide said.
The TDF series is structured as a collective investment trust. It is set to launch later this fall.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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