At a glance
- The offering helps participants decide on retirement timing, goals, spending and income sources, and compare retirement investment and income options, according to PLANADVISER's account of the launch.
- Plan sponsors weighing a retirement-income menu would need to work through annuity marketplace pricing and insurance broker compensation before adding Via Retirement.
- WTW reported $178.8 billion in assets under management and more than $4.7 trillion in assets under advisement as of Aug. 4.
WTW launched Via Retirement on Oct. 26, a defined contribution offering for plan participants that pairs retirement-income planning with adviser representatives and an annuity marketplace.
The offering helps participants decide on retirement timing, goals, spending and income sources, and compare retirement investment and income options, according to PLANADVISER's account of the launch. Its services include real-time scenario modeling, access to investment model portfolios, personalized advice from investment adviser representatives, and an annuity marketplace supported by insurance brokers.
Plan sponsors weighing a retirement-income menu would need to work through annuity marketplace pricing and insurance broker compensation before adding Via Retirement. WTW's materials say Willis Towers Watson Securities will act as an ERISA fiduciary when a client's investment funds come from a qualified employer contribution plan or qualified employer benefit plan, and will follow prohibited transaction exemptions when a rollover recommendation requires them.
WTW reported $178.8 billion in assets under management and more than $4.7 trillion in assets under advisement as of Aug. 4.
Reported by the Plans & Sponsors desk from PLANADVISER. Published . Corrections