[微笑]_老虎社区_美港股上老虎

CPLam
2021-10-06

[微笑]

BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在为401(k)计划增加年金</blockquote>

New retirement product will allow workers to receive stream of payments for the rest of their lives.

BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在为401(k)计划增加年金</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

推荐
最新

暂无评论

热议股票

{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":829260780,"tweetId":"829260780","gmtCreate":1633515342202,"gmtModify":1633515342386,"author":{"id":3582955658777354,"idStr":"3582955658777354","authorId":3582955658777354,"authorIdStr":"3582955658777354","name":"CPLam","avatar":"https://static.tigerbbs.com/b60f94547aab59173fe6c47ba3e17cb3","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>[微笑]&nbsp;</body></html>","htmlText":"<html><head></head><body>[微笑]&nbsp;</body></html>","text":"[微笑]","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/829260780","repostId":1148090005,"repostType":4,"repost":{"id":"1148090005","kind":"news","pubTimestamp":1633514811,"share":"https://www.laohu8.com/m/news/1148090005?lang=zh_CN&edition=full","pubTime":"2021-10-06 18:06","market":"us","language":"en","title":"BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在为401(k)计划增加年金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148090005","media":"The Wall Street Journal","summary":"New retirement product will allow workers to receive stream of payments for the rest of their lives.","content":" New retirement product will allow workers to receive stream of payments for the rest of their lives. <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> is putting annuities in American workers’ 401(k)s.<blockquote>新的退休产品将允许工人在余生中获得源源不断的付款。<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>将年金存入美国工人的401(k)计划。</blockquote> The investment giant said five employers have signed up for a new retirement product that will allow workers toreceive a stream of paymentsfor the rest of their lives.<blockquote>这家投资巨头表示，五家雇主已签署了一项新的退休产品，该产品将允许工人在余生中获得一系列付款。</blockquote> A small number of 401(k) plans currently incorporate annuities. Employers who offer retirement plans worry about annuities’ complexity and their cost—and about being sued if the insurer that stands behind the annuity fails to make payments. A 2019 law nowprotects many employers from legal liability.<blockquote>目前，少数401(k)计划包含年金。提供退休计划的雇主担心年金的复杂性和成本，以及如果年金背后的保险公司未能付款，他们会被起诉。2019年的一项法律现在保护许多雇主免受法律责任。</blockquote> BlackRock’s offering is one of the first from a major asset manager since the law passed. Workers at electric utility Tennessee Valley Authority and four other companies will have the new annuity product as the default option in their employee retiree plans. That means collectively around 100,000 U.S. employees with some $7.5 billion in workplace savings stand to eventually get annuities in 401(k)-type plans.<blockquote>贝莱德的发行是自该法律通过以来大型资产管理公司的首批发行之一。电力公司田纳西河流域管理局和其他四家公司的员工将把新的年金产品作为其员工退休人员计划的默认选项。这意味着总共约10万名拥有约75亿美元工作场所储蓄的美国员工最终将通过401(k)型计划获得年金。</blockquote> The insurance industry has longpromoted annuities as important retirement vehicles; a saver who accumulated stocks and bonds could outlive her assets, but an annuity keeps paying until death. One problem that remains is cost: Since interest rates are very low, annuity buyers have to turn over a lot of cash up front for a relatively small payment, and fees can add up.<blockquote>保险业长期以来一直将年金宣传为重要的退休工具；积累股票和债券的储户可能会比她的资产更长寿，但年金会一直支付到去世。仍然存在的一个问题是成本：由于利率非常低，年金购买者必须以相对较少的付款预先上缴大量现金，而且费用可能会增加。</blockquote> BlackRock, which has $9.5 trillion in assets, isn’t an insurance company; the annuities in its plan will be issued initially by insurers Brighthouse Financial Inc. andEquitable HoldingsInc.BlackRock says it aims to use its clout to negotiate cheaper group rates.<blockquote>拥有9.5万亿美元资产的贝莱德不是一家保险公司；其计划中的年金最初将由保险公司Brighthouse Financial Inc.和Equitable Holdings Inc.发行。贝莱德表示，其目标是利用其影响力协商更便宜的团体费率。</blockquote> “We’re sitting between the end-individual and insurance companies, using our aggregation power to face off against the insurance company,” said Mark McCombe, BlackRock’s chief client officer.<blockquote>贝莱德首席客户官马克·麦库姆(Mark McCombe)表示：“我们处于个人和保险公司之间，利用我们的聚合能力与保险公司对抗。”</blockquote> The annuities will be part of a new series of BlackRock target-date fund offerings.Target-date funds are the default waymany Americans save for retirement; U.S. target-date mutual fund assets totaled $1.78 trillion in August, according to Morningstar.<blockquote>这些年金将成为贝莱德新一系列目标日期基金产品的一部分。目标日期基金是许多美国人为退休储蓄的默认方式；根据晨星公司的数据，8月份美国目标日期共同基金资产总额为1.78万亿美元。</blockquote> Like other target-date funds, BlackRock’s new product will switch from a more stock-heavy to bond-heavy mix as individuals age. It will also invest over time in a pool of annuity contracts. In addition, savers can also use 30% of their 401(k) balance to purchase their own fixed annuity. They can make this choice between the ages of 59 and 72.<blockquote>与其他目标日期基金一样，随着个人年龄的增长，贝莱德的新产品将从以股票为主转向以债券为主的组合。随着时间的推移，它还将投资于年金合约池。此外，储户还可以用401(k)余额的30%购买自己的固定年金。他们可以在59岁到72岁之间做出这个选择。</blockquote> The new series of target-date funds, when offered through institutional accounts, will cost an employee roughly 0.1%, or $10 for every $10,000 managed. When the product starts to invest in group annuity contracts, the person’s fees would rise but be capped at 0.16%, according to BlackRock.<blockquote>当通过机构账户提供时，新系列的目标日期基金将为员工支付大约0.1%的费用，即每管理10,000美元10美元。贝莱德表示，当该产品开始投资团体年金合同时，该人的费用将会上涨，但上限为0.16%。</blockquote> Fixed annuities traditionally charge around 1% of the account value. The average expense ratio for target-date mutual funds is 0.34%, according to Morningstar.<blockquote>固定年金传统上收取账户价值的1%左右。根据晨星公司的数据，目标日期共同基金的平均费用率为0.34%。</blockquote> BlackRock, which manages more than $350 billion in target-date assets, says it hopes to create mutual fund versions of the annuity offering in the future. Rival Vanguard Group, a major target-date fund provider, hasn’t put annuities into such funds.<blockquote>管理着超过3500亿美元目标日期资产的贝莱德表示，希望在未来创建共同基金版本的年金产品。其竞争对手先锋集团（Vanguard Group）是一家主要的目标日期基金提供商，尚未将年金投入此类基金。</blockquote> “We do not believe in adding a ‘one-size-fits-all’ annuity allocation,” the world’s No. 2 asset manager said late 2020.<blockquote>“我们不认为增加‘一刀切’的年金分配，”这家全球第二大资产管理公司在2020年底表示。</blockquote> About a decade ago, BlackRock couldn’t get traction for a different retirement product that incorporated annuities. But a decade of ultralow interest rates and the continued decline of traditional pension plans have made outliving savings a bigger risk. More than 40% of households headed by people aged 55 through 70lack sufficient resources to maintain their living standard in retirement, according to a 2018&nbsp;Wall Street Journal analysis.<blockquote>大约十年前，贝莱德无法吸引另一种包含年金的退休产品。但十年的超低利率和传统养老金计划的持续下滑使得储蓄耗尽成为更大的风险。根据《华尔街日报》2018年的一项分析，超过40%的55岁至70岁户主家庭缺乏足够的资源来维持退休后的生活水平。</blockquote> At a 2018 meeting of top executives, BlackRock Chief Executive Larry Fink asked the firm to address the looming retirement problem, according to people familiar with the matter. Shortly after, BlackRock launched Project Otto, named for Otto von Bismarck, the German chancellor who created a national pension scheme in 1880s.<blockquote>据知情人士透露，在2018年的一次高管会议上，贝莱德首席执行官拉里·芬克(Larry Fink)要求该公司解决迫在眉睫的退休问题。不久之后，贝莱德推出了奥托项目，该项目以1880年代创建国家养老金计划的德国总理奥托·冯·俾斯麦的名字命名。</blockquote> Over the years, BlackRock lobbied for legislation that would make companies more comfortable incorporating annuities in 401(k)-type plans.<blockquote>多年来，贝莱德一直在游说立法，让公司更放心地将年金纳入401(k)型计划。</blockquote> In 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. BlackRock asked that insurers only be paid through the spread between yields they generated by investing the buyers’ money and the monthly payouts they make to annuity holders.<blockquote>2019年，贝莱德与保险公司接洽，作为新退休产品的潜在年金提供商。贝莱德要求保险公司只能通过投资买家资金产生的收益率与每月向年金持有人支付的款项之间的利差获得报酬。</blockquote> “Some, maybe more than others, understood what we were trying to achieve,” said Anne Ackerley, the head of BlackRock’s retirement group.<blockquote>贝莱德退休小组负责人安妮·阿克利(Anne Ackerley)表示：“有些人，也许比其他人更了解我们想要实现的目标。”</blockquote> BlackRock said that plan participants won’t pay commissions, sales loads or distribution fees for the annuities.<blockquote>贝莱德表示，计划参与者不会为年金支付佣金、销售费用或分销费。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在为401(k)计划增加年金</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在为401(k)计划增加年金</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-10-06 18:06\n\n</h4>\n</header>\n<article>\n New retirement product will allow workers to receive stream of payments for the rest of their lives. <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> is putting annuities in American workers’ 401(k)s.<blockquote>新的退休产品将允许工人在余生中获得源源不断的付款。<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>将年金存入美国工人的401(k)计划。</blockquote> The investment giant said five employers have signed up for a new retirement product that will allow workers toreceive a stream of paymentsfor the rest of their lives.<blockquote>这家投资巨头表示，五家雇主已签署了一项新的退休产品，该产品将允许工人在余生中获得一系列付款。</blockquote> A small number of 401(k) plans currently incorporate annuities. Employers who offer retirement plans worry about annuities’ complexity and their cost—and about being sued if the insurer that stands behind the annuity fails to make payments. A 2019 law nowprotects many employers from legal liability.<blockquote>目前，少数401(k)计划包含年金。提供退休计划的雇主担心年金的复杂性和成本，以及如果年金背后的保险公司未能付款，他们会被起诉。2019年的一项法律现在保护许多雇主免受法律责任。</blockquote> BlackRock’s offering is one of the first from a major asset manager since the law passed. Workers at electric utility Tennessee Valley Authority and four other companies will have the new annuity product as the default option in their employee retiree plans. That means collectively around 100,000 U.S. employees with some $7.5 billion in workplace savings stand to eventually get annuities in 401(k)-type plans.<blockquote>贝莱德的发行是自该法律通过以来大型资产管理公司的首批发行之一。电力公司田纳西河流域管理局和其他四家公司的员工将把新的年金产品作为其员工退休人员计划的默认选项。这意味着总共约10万名拥有约75亿美元工作场所储蓄的美国员工最终将通过401(k)型计划获得年金。</blockquote> The insurance industry has longpromoted annuities as important retirement vehicles; a saver who accumulated stocks and bonds could outlive her assets, but an annuity keeps paying until death. One problem that remains is cost: Since interest rates are very low, annuity buyers have to turn over a lot of cash up front for a relatively small payment, and fees can add up.<blockquote>保险业长期以来一直将年金宣传为重要的退休工具；积累股票和债券的储户可能会比她的资产更长寿，但年金会一直支付到去世。仍然存在的一个问题是成本：由于利率非常低，年金购买者必须以相对较少的付款预先上缴大量现金，而且费用可能会增加。</blockquote> BlackRock, which has $9.5 trillion in assets, isn’t an insurance company; the annuities in its plan will be issued initially by insurers Brighthouse Financial Inc. andEquitable HoldingsInc.BlackRock says it aims to use its clout to negotiate cheaper group rates.<blockquote>拥有9.5万亿美元资产的贝莱德不是一家保险公司；其计划中的年金最初将由保险公司Brighthouse Financial Inc.和Equitable Holdings Inc.发行。贝莱德表示，其目标是利用其影响力协商更便宜的团体费率。</blockquote> “We’re sitting between the end-individual and insurance companies, using our aggregation power to face off against the insurance company,” said Mark McCombe, BlackRock’s chief client officer.<blockquote>贝莱德首席客户官马克·麦库姆(Mark McCombe)表示：“我们处于个人和保险公司之间，利用我们的聚合能力与保险公司对抗。”</blockquote> The annuities will be part of a new series of BlackRock target-date fund offerings.Target-date funds are the default waymany Americans save for retirement; U.S. target-date mutual fund assets totaled $1.78 trillion in August, according to Morningstar.<blockquote>这些年金将成为贝莱德新一系列目标日期基金产品的一部分。目标日期基金是许多美国人为退休储蓄的默认方式；根据晨星公司的数据，8月份美国目标日期共同基金资产总额为1.78万亿美元。</blockquote> Like other target-date funds, BlackRock’s new product will switch from a more stock-heavy to bond-heavy mix as individuals age. It will also invest over time in a pool of annuity contracts. In addition, savers can also use 30% of their 401(k) balance to purchase their own fixed annuity. They can make this choice between the ages of 59 and 72.<blockquote>与其他目标日期基金一样，随着个人年龄的增长，贝莱德的新产品将从以股票为主转向以债券为主的组合。随着时间的推移，它还将投资于年金合约池。此外，储户还可以用401(k)余额的30%购买自己的固定年金。他们可以在59岁到72岁之间做出这个选择。</blockquote> The new series of target-date funds, when offered through institutional accounts, will cost an employee roughly 0.1%, or $10 for every $10,000 managed. When the product starts to invest in group annuity contracts, the person’s fees would rise but be capped at 0.16%, according to BlackRock.<blockquote>当通过机构账户提供时，新系列的目标日期基金将为员工支付大约0.1%的费用，即每管理10,000美元10美元。贝莱德表示，当该产品开始投资团体年金合同时，该人的费用将会上涨，但上限为0.16%。</blockquote> Fixed annuities traditionally charge around 1% of the account value. The average expense ratio for target-date mutual funds is 0.34%, according to Morningstar.<blockquote>固定年金传统上收取账户价值的1%左右。根据晨星公司的数据，目标日期共同基金的平均费用率为0.34%。</blockquote> BlackRock, which manages more than $350 billion in target-date assets, says it hopes to create mutual fund versions of the annuity offering in the future. Rival Vanguard Group, a major target-date fund provider, hasn’t put annuities into such funds.<blockquote>管理着超过3500亿美元目标日期资产的贝莱德表示，希望在未来创建共同基金版本的年金产品。其竞争对手先锋集团（Vanguard Group）是一家主要的目标日期基金提供商，尚未将年金投入此类基金。</blockquote> “We do not believe in adding a ‘one-size-fits-all’ annuity allocation,” the world’s No. 2 asset manager said late 2020.<blockquote>“我们不认为增加‘一刀切’的年金分配，”这家全球第二大资产管理公司在2020年底表示。</blockquote> About a decade ago, BlackRock couldn’t get traction for a different retirement product that incorporated annuities. But a decade of ultralow interest rates and the continued decline of traditional pension plans have made outliving savings a bigger risk. More than 40% of households headed by people aged 55 through 70lack sufficient resources to maintain their living standard in retirement, according to a 2018&nbsp;Wall Street Journal analysis.<blockquote>大约十年前，贝莱德无法吸引另一种包含年金的退休产品。但十年的超低利率和传统养老金计划的持续下滑使得储蓄耗尽成为更大的风险。根据《华尔街日报》2018年的一项分析，超过40%的55岁至70岁户主家庭缺乏足够的资源来维持退休后的生活水平。</blockquote> At a 2018 meeting of top executives, BlackRock Chief Executive Larry Fink asked the firm to address the looming retirement problem, according to people familiar with the matter. Shortly after, BlackRock launched Project Otto, named for Otto von Bismarck, the German chancellor who created a national pension scheme in 1880s.<blockquote>据知情人士透露，在2018年的一次高管会议上，贝莱德首席执行官拉里·芬克(Larry Fink)要求该公司解决迫在眉睫的退休问题。不久之后，贝莱德推出了奥托项目，该项目以1880年代创建国家养老金计划的德国总理奥托·冯·俾斯麦的名字命名。</blockquote> Over the years, BlackRock lobbied for legislation that would make companies more comfortable incorporating annuities in 401(k)-type plans.<blockquote>多年来，贝莱德一直在游说立法，让公司更放心地将年金纳入401(k)型计划。</blockquote> In 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. BlackRock asked that insurers only be paid through the spread between yields they generated by investing the buyers’ money and the monthly payouts they make to annuity holders.<blockquote>2019年，贝莱德与保险公司接洽，作为新退休产品的潜在年金提供商。贝莱德要求保险公司只能通过投资买家资金产生的收益率与每月向年金持有人支付的款项之间的利差获得报酬。</blockquote> “Some, maybe more than others, understood what we were trying to achieve,” said Anne Ackerley, the head of BlackRock’s retirement group.<blockquote>贝莱德退休小组负责人安妮·阿克利(Anne Ackerley)表示：“有些人，也许比其他人更了解我们想要实现的目标。”</blockquote> BlackRock said that plan participants won’t pay commissions, sales loads or distribution fees for the annuities.<blockquote>贝莱德表示，计划参与者不会为年金支付佣金、销售费用或分销费。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/blackrock-is-adding-annuities-to-401-k-s-11633512600?mod=markets_lead_pos3\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德"},"source_url":"https://www.wsj.com/articles/blackrock-is-adding-annuities-to-401-k-s-11633512600?mod=markets_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148090005","content_text":"New retirement product will allow workers to receive stream of payments for the rest of their lives.\n\nBlackRock is putting annuities in American workers’ 401(k)s.\nThe investment giant said five employers have signed up for a new retirement product that will allow workers toreceive a stream of paymentsfor the rest of their lives.\nA small number of 401(k) plans currently incorporate annuities. Employers who offer retirement plans worry about annuities’ complexity and their cost—and about being sued if the insurer that stands behind the annuity fails to make payments. A 2019 law nowprotects many employers from legal liability.\nBlackRock’s offering is one of the first from a major asset manager since the law passed. Workers at electric utility Tennessee Valley Authority and four other companies will have the new annuity product as the default option in their employee retiree plans. That means collectively around 100,000 U.S. employees with some $7.5 billion in workplace savings stand to eventually get annuities in 401(k)-type plans.\nThe insurance industry has longpromoted annuities as important retirement vehicles; a saver who accumulated stocks and bonds could outlive her assets, but an annuity keeps paying until death. One problem that remains is cost: Since interest rates are very low, annuity buyers have to turn over a lot of cash up front for a relatively small payment, and fees can add up.\nBlackRock, which has $9.5 trillion in assets, isn’t an insurance company; the annuities in its plan will be issued initially by insurers Brighthouse Financial Inc. andEquitable HoldingsInc.BlackRock says it aims to use its clout to negotiate cheaper group rates.\n“We’re sitting between the end-individual and insurance companies, using our aggregation power to face off against the insurance company,” said Mark McCombe, BlackRock’s chief client officer.\nThe annuities will be part of a new series of BlackRock target-date fund offerings.Target-date funds are the default waymany Americans save for retirement; U.S. target-date mutual fund assets totaled $1.78 trillion in August, according to Morningstar.\nLike other target-date funds, BlackRock’s new product will switch from a more stock-heavy to bond-heavy mix as individuals age. It will also invest over time in a pool of annuity contracts. In addition, savers can also use 30% of their 401(k) balance to purchase their own fixed annuity. They can make this choice between the ages of 59 and 72.\nThe new series of target-date funds, when offered through institutional accounts, will cost an employee roughly 0.1%, or $10 for every $10,000 managed. When the product starts to invest in group annuity contracts, the person’s fees would rise but be capped at 0.16%, according to BlackRock.\nFixed annuities traditionally charge around 1% of the account value. The average expense ratio for target-date mutual funds is 0.34%, according to Morningstar.\nBlackRock, which manages more than $350 billion in target-date assets, says it hopes to create mutual fund versions of the annuity offering in the future. Rival Vanguard Group, a major target-date fund provider, hasn’t put annuities into such funds.\n“We do not believe in adding a ‘one-size-fits-all’ annuity allocation,” the world’s No. 2 asset manager said late 2020.\nAbout a decade ago, BlackRock couldn’t get traction for a different retirement product that incorporated annuities. But a decade of ultralow interest rates and the continued decline of traditional pension plans have made outliving savings a bigger risk. More than 40% of households headed by people aged 55 through 70lack sufficient resources to maintain their living standard in retirement, according to a 2018 Wall Street Journal analysis.\nAt a 2018 meeting of top executives, BlackRock Chief Executive Larry Fink asked the firm to address the looming retirement problem, according to people familiar with the matter. Shortly after, BlackRock launched Project Otto, named for Otto von Bismarck, the German chancellor who created a national pension scheme in 1880s.\nOver the years, BlackRock lobbied for legislation that would make companies more comfortable incorporating annuities in 401(k)-type plans.\nIn 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. BlackRock asked that insurers only be paid through the spread between yields they generated by investing the buyers’ money and the monthly payouts they make to annuity holders.\n“Some, maybe more than others, understood what we were trying to achieve,” said Anne Ackerley, the head of BlackRock’s retirement group.\nBlackRock said that plan participants won’t pay commissions, sales loads or distribution fees for the annuities.","news_type":1,"symbols_score_info":{"BLK":0.9}},"isVote":1,"tweetType":1,"viewCount":2665,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在为401(k)计划增加年金</blockquote>

评论（3）

热议股票