Insuring Lifetime Income Guarantees
May 11, 2009
Current situation
Retirement plan providers will engage in robust competition to ensure the worker lifetime income streams that are now in demand.
Retirement challenge
Irrational competition among providers of income guarantees could put workers’ security at risk in case of provider failure.
Bob Reynolds’ Retirement Reform Agenda
Create a new national insurance charter, a national insurance regulator, and an FDIC-like fund to back up lifetime income guarantees.
This is one the proposed retirement savings reforms proposed by Bob Reynolds, President and CEO of Putnam Investments. For the full list, read the blogs in the Workplace Savings 3.0 category and see the document embedded below.



