Cetera, product sponsors launch tool as firms embrace annuity demos
August 5, 2019 by Tobias Salinger
As the industry works toward demystifying annuities, Cetera Financial Group and major product sponsors are launching a retirement planning tool aimed at addressing longevity.
Over the past two years, the independent broker-dealer network, Allianz and Capital Group developed SetIncome, a simulation program comparing annuities to asset management models, according to Cetera President Adam Antoniades.
Cetera plans to roll out the initial version of the tool — which uses an Allianz fixed-index annuity and mutual funds by PIMCO, Allianz Global Investors and American Funds — in the fourth quarter, he notes. The 7,500-advisor network is training up representatives at its Connect conference this week.
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