In this report, FRC reveals key trends that will determine the evolution and success of annuities in DC plans, provides in-depth product profiles for current plan offerings for Genworth ClearCourse, Hartford Lifetime Income, MetLife Personal Pension Builder, and Prudential IncomeFlex, as well as four steps manufacturers should take to overcome adoption challenges.

Table of Contents

I. Current Offerings

II. Target Market & Channels
A. Recordkeepers
B. Large Corporate Plans
C. Advisors & Consultants

III. Market Positioning

IV. Functional Features
A. Pricing Structures
B. Customization & Integration

V. Keys to Overcoming Adoption Challenges
A. Amend the Negative Perception of Annuities
B. Overcome Fiduciary Concerns
C. Improve Portability
D. Develop Consistent Pricing Structures

VI. Alternative Guaranteed Income Products

VII. Future of the Annuity Within DC