401(k) Specialist Issue 4 - 2021 - 41

401(k) PRODUCT WATCH
Jackson Introduces New Retirement
Investment Annuity
JACKSON NATIONAL LIFE has launched a fee-based variable
annuity designed for independent registered investment advisors
(IRIAs) to specifically address their annuity concerns. According to
the company, the Jackson Retirement Investment Annuity offers
consumers " the opportunity to grow their assets tax-deferred while
generating protected income and preserving their legacy. "
The annuity product is a result of " research and direct feedback
from the growing population of independent RIAs, " says Aimee
DeCamillo, Chief Commercial Officer and President for Jackson National
Life Distributors, and that it will provide " choice and flexibility "
and " deliver better outcomes for (clients') financial futures. "
Among the features of the new JRIA product are optional add-on
living and death benefits, investment flexibility, and available return
of premium death benefit.
" While the IRIA audience has traditionally underutilized annuities,
we know this segment of the market may be looking to add protected
lifetime income products to clients' portfolios, " adds DeCamillo,
saying they will continue to " explore opportunities to
expand and diversify our distribution efforts, including
through the IRIA channel. "
ONLINE
EXTRA
OneDigital and
Ascensus Create
Small Market 401(k)
Solution
ONEDIGITAL AND ASCENSUS recently announced the availability
of a co-created small market solution for retirement plans that
brings " institutional-quality employee services to plan participants. "
Called the OneDigital Complete Retirement Solution, the offering
includes Personalized Portfolios, OneDigital's managed account
solution that gives employees access to personalized investment
strategies and savings recommendations that are unique to their
investor profile within the retirement plan, and Financial Elements,
a wellness solution offered through OneDigital. Other features and
services include:
* 3(38) fiduciary coverage provided by OneDigital and supported
by an open-architecture platform
* Net Promoter Score (NPS) plan onboarding and ongoing administration
services for plan sponsors with Ascensus' tech-enabled
platform
* Transparent, fee-based pricing model
* Ascensus Elite Advisor program benefits (e.g., a dedicated client
relationship manager and strategic account manager) to help advisors
focus on growth and enhance their practices.
" The OneDigital small market solution is another example of Ascensus'
dedication to helping plan sponsors curb costs, reduce risk,
and save time via access to institutional-quality employee services
that help drive plan health and retirement readiness, " Jason Crane,
Ascensus' head of retirement distribution, said in a statement.
ISSUE 4 2021 | 401kSpecialist.com
41
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401(k) Specialist Issue 4 - 2021

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