Retirement Income Consortium is formed to address retirement savings challenges

Consortium to initiate a framework for retirement income assessment, training and certification

NEW YORK, May 4, 2022 /PRNewswire/ — To accelerate the adoption of guaranteed income solutions in retirement plans, global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) has officially launched an initiative to leverage deep expertise in the retirement arena to support the Efforts to make financial security a reality for all Americans.

The Retirement Income Consortium was formally formed with the common goal of supporting greater access for workers to retirement income solutions. The passage of the SECURE Act and the continued focus on the importance of security in retirement as a national conversation have underscored the need for concerted and coordinated action on retirement planning. Broadridge is dedicated to fiduciary excellence through the use of technology and the advancement of education. It created the consortium to provide a due diligence framework for evaluating retirement income solutions and as a forum to work with retirement income solution providers and others to better train advisors and plan for sponsorship.

“Developing a standard is critical so that retirement income solutions can be implemented into the plans,” he said John Faustino, Head of Broadridge’s Education and Technology Trust business. “Investors want plan sponsors to offer them the option of retirement income, but there is a tremendous need for education and support to connect the dots and make that happen.”

Consortium members include AllianceBernstein, Allianz, BlackRock, Income America, Nationwide, Principal Financial Group®, Prudential Financial and TIAA-Nuveen. The American Retirement Association has also joined the consortium as part of its initiative to create a curriculum for a new Retirement Income Certificate program. Broadridge welcomes discussions with additional companies interested in enrolling as members.

In the coming months, the consortium will:

  • Host a free educational webinar series covering the basics of retirement income, beginning with “Retirement Income: Why Now?” Registration is free and continuing education credits are available. Registration and replays are available through the consortium website.
  • Developed an audited due diligence framework for selecting and monitoring retirement income solutions.

Join a 30-minute webinar to learn more about plans for 2022 and beyond May 19, 2022 at the 13 o’clock Eastern, entitled “Introduction of the Retirement Income Consortium”. Registration is free and open to the public. Register for the webinar here.

You can also visit Broadridge.com/lifetime-income-consortium to learn about its mission, upcoming events and more.

About Broadridge
Broadridge Financial Solutions (NYSE: BR), a leading global fintech company with 5 billion dollars in revenue, provides the critical infrastructure that drives investment, governance and communications to enable better financial living. We deliver technology-enabled solutions that drive business transformation for banks, broker-dealers, wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub that enables corporate governance by connecting thousands of public companies and mutual funds with millions of individual and institutional investors around the world. Our technology and operational platforms support the daily trading of more than 9 trillion dollars of equities, fixed income and other securities worldwide. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index and employs over 13,000 people in 21 countries. For more information about us, visit broadridge.com.

Media contacts:
Matthew Luongo
Prosek partner
+1 646-818-9279
[email protected]

John FaustinoAIFA®, PPC®
Lead of Broadridge Fi360 Solutions
+1 708-769-0218
[email protected]

SOURCE Broadridge Financial Solutions, Inc.

.

Leave a Comment