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.
