New twist on annuities in 401(k)s

Several money managers are scrambling to design investment options embedded with annuities or income guarantees in what they hope will be the next major evolution in defined contribution plans.

So far, though, they're having a tough time winning over clients. But the timing should be perfect. With 401(k) and other DC plans now the main retirement vehicle for many workers, the industry has been shifting away from focusing on asset accumulation to retirement income and the distribution phase. Plus, last year's market collapse further highlighted the need for plans to better protect assets, particularly for those participants at or near retirement...

Pension & Investments: New twist on annuities in 401(k)s