The Annuity Edge: Why an Annuity Company – Even a New One – May Be the Most Secure Choice for Taking on Pension Risk
If you spend much time in or around the pension sector, particularly defined benefit plans, you’ll inevitably hear the phrase, “the pension promise”. Essentially, it refers to a pension plan’s commitment to providing its members with the promised income to help them enjoy a financially secure retirement.
Increasingly for many companies and plans, the best way to keep the pension promise is through an annuity solution. Of course, a central consideration with any promise is whether the person or organization that makes the promise can keep it – and that certainly applies to annuity providers.