This content is from: Innovation

Financial Engines Floats Income Solution

U.S. investment advisor, Financial Engines, has launched its first retirement income solution.

U.S. investment advisor, Financial Engines, has launched its first retirement income solution. The new offering, Income+, which will offer steady monthly payouts from a 401(k) account, is available to participants in Financial Engines’ managed accounts program.

The service does not need employers to add an annuity or change the fund line-up in their plan and is designed to meet required minimum distribution rules. Aon Hewitt has been offering Income+ to its clients since the fourth quarter of 2010, while ACS, ING, JP Morgan Retirement Plan Services and Mercer are expected to offer it to clients later this year.

Click here for the release from Business Wire.

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