Nationwide wants five pieces of the in-plan annuity market

October 28, 2020 by Kerry Pechter

Nationwide, the 10th-largest annuity issuer in the US and a provider of about 34,500 retirement plans, is launching a cluster of in-plan annuities. RIJ talks with Eric Stevenson, president of Nationwide Retirement Plans since mid-2019.

Nationwide Financial announced this week that, starting in late 2020, it will introduce or begin marketing the first of at least five annuity products to sponsors of qualified retirement plan markets.

The first in-plan product will be a fixed indexed annuity for safe accumulation, said Eric Stevenson, president of Nationwide Retirement Plans since July 2019. Lifetime income riders and possibly deferred income annuities will follow.

Click HERE to read the full story via RIJ 

Originally Posted at Retirement Income Journal on October 22, 2020 by Kerry Pechter.