Could in-plan annuities head up a new asset class?
March 12, 2025 by John Hilton
Creating a new asset class could help more Americans access the in-plan guaranteed lifetime income options studies show are needed to help avert a mass retirement crisis.
Cheryl Evans, director of the Lifetime Financial Security program at the Milken Institute, endorsed the idea during the Retirement Symposium: The Forces Transforming Retirement, hosted Tuesday by Milken and the Employee Benefit Research Institute.
Asset classes evolve when products share similar characteristics, performance, liquidity and risk profiles, Evans noted, and fall under the same laws and regulations.