BlackRock Adding Annuities to 401(k) Plans

October 13, 2021 by Bernice Napach

BlackRock, the world’s biggest asset manager with more than $9 trillion in assets, is moving into annuities.

The firm has a new target date retirement product for 401(k) plans that will provide workers a stream of payments through their lives. Called the LifePath Paycheck solution, it embeds annuity contracts issued by Equitable and Brighthouse Financial, according to BlackRock. Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdviso on October 6, 2021 by Bernice Napach.