The Defined Contribution (DC) industry is about to see a major secular shift towards the delivery of income as participants start approaching retirement in greater numbers. This shift will be transformative for the DC landscape over the longer term.
At PGIM, we believe a comprehensive approach to income requires new thinking and new solutions, deployed in a personalized and flexible way. Bringing lifetime income solutions to American workers and retirees will require a thoughtful, outcomes-based framework. Specifically, we believe a solution must go beyond just an investment product. It must also help participants prepare for retirement and help retirees implement a sustainable spending plan in retirement. This brings us to our key retirement income beliefs:
Managing Director, Portfolio Manager and Strategist
|PGIM DC Solutions
jeremy.stempien@pgim.com