The “retirement crisis” facing America, a phrase coincidentally coined by BlackRock CEO Larry Fink, is a growing concern for defined contribution plan sponsors looking to provide a continued source of income to current and future retirees. As a direct result, the New York-based asset management shop said Wednesday that its CoRI Indexes can help to alleviate participants’ fears of running out of money.

The BlackRock CoRI Retirement Indexes, which were first introduced in June, seek to address this global retirement savings process by linking the liquid “vanilla” bonds to future lifetime income options such as an annuity.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access