08.03.24
Pacific Life and Franklin Templeton Partner on Guaranteed Income
by: 401K Specialist
Pacific Life and Franklin Templeton announced an agreement to expand access on guaranteed lifetime income streams as an employee benefit. The partnership will bring together Pacific Life’s Income Horizon and Franklin Templeton’s Goals Optimization Engine to form a personalized income approach structured within collective investment trusts to ease implementation. The lifetime income framework will allow defined contribution plan participants to easily convert a portion of their accumulated retirement savings into a guaranteed income stream for life inside of their existing plan.
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