01.26.24

Prudential, Fidelity Collaborate on New Decumulation Option for DC Plans

by: Steve Randall

Prudential Financial and Fidelity Investments are collaborating on a new single-premium immediate annuity available through employer-based retirement plans administered by Fidelity. Prudential is one of four insurers included on the Fidelity’s Guaranteed Income Direct platform to offer embedded distribution through defined contribution plans. Prudential SimplyIncome is part of the insurer’s commitment to developing new methods of delivering retirement income and Ann Nanda, head of Future Growth Initiatives and Distribution Enablement at Prudential Retirement Strategies says that the collaboration with Fidelity facilitates this.

Read the full article on InvestmentNews