Fidelity Readies Annuity Platform for 401(k) Assets

October 12, 2022 by John Manganaro

Last November, Fidelity Investments announced plans to create a new retirement income solution called Guaranteed Income Direct, designed to support individuals as they convert a portion of their 401(k) or 403(b) savings into a guaranteed annuity.

At the time, Keri Dogan, a senior vice president of retirement solutions at Fidelity, highlighted the nearly 8 million workers utilizing the firm’s workplace savings platform who are nearing retirement. As Dogan then pointed out, this sizable and growing group of clients is expressing a growing interest in guaranteed income annuity options that are connected to their company’s retirement savings plan.

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Originally Posted at ThinkAdvisor on October 5, 2022 by John Manganaro.