04.21.25

Employer-Sponsored Retirement Plan Participants Reveal Strong Interest in Annuities

by: Steve Randall

A new report from the Allianz Center for the Future of Retirement reveals that 60% of respondents said they were worried that they will not have sufficient funds from their plan to last through their retirement. The most cited reason for their concern is the inflation risk to their employer-sponsored plans. These concerns are driving interest in annuities, with 70% saying they would consider it if the option was available in their plan. “As employer-sponsored plans become increasingly central to retirement savings, understanding participant preferences is essential,” says Matt Gray, head of employer markets at Allianz Life Insurance Company of North America. “We’re seeing that Americans want retirement income strategies in those plans that can help their savings last for their lifetime. The driving concerns vary among plan participants who will seek out specific product features that can address the risks that matter most to them.”

Read the full article on InvestmentNews