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Helping Americans achieve secure income in retirement


One way to help create retirement income security may be to combine guaranteed lifetime income with growth potential, tailored to individual needs. This advanced solution integrates a target date fund’s simplicity with active management and tactical strategies, potentially enhancing stability and growth throughout retirement.

These strategies make retirement income accessible, helping advisors guide their plan sponsor client employees toward lifetime income security. Advisors gain a unique advantage by equipping employers with a comprehensive income framework that can help build confidence in saving for retirement.

Guaranteed lifetime income

Help employers provide participants confidence on their retirement journey with solutions that offer lifetime income, blending growth and stability.

Tailored, client-focused strategies

Personalized income solutions align with each participant’s lifestyle and needs, which can lead to enhanced satisfaction.

Holistic financial view for informed planning

Consider all household assets to create a complete retirement picture and support better planning for participants and families.

What U.S. workers want

According to Franklin Templeton’s annual Voice of The American Workplace Survey, employees with workplace retirement plans are increasingly seeking guaranteed lifetime income solutions to support their financial independence in retirement.1

33%

report that the lack of access to a guaranteed income stream is delaying their ability to retire on their preferred timeline.

87%

express interest in having a deferred annuity as part of their benefits package.

66%

are concerned about securing a reliable income stream for their retirement years.

  • Target date funds
  • Personalization

Target date funds

Enhanced portfolios with income & tactical target dates

Partnering with Empower, we offer exclusive solutions designed to enhance your sponsor clients’ retirement portfolios, featuring a unique income option, target date funds with tactical allocation to help optimize risk management, and competitively priced active management—tailored for clients who prioritize value and stability.

Exclusive income solution

Differentiate your offerings with a unique solution available on the Empower platform, which may be advantageous to your sponsor clients’ portfolio.

Target date fund with tactical allocation

Combines target date simplicity with tactical allocation to manage risk and shift focus from growth to stability as retirement approaches.

Cost-effective active management

Offers potential benefits of active management, appealing to value-focused sponsor clients who prioritize long-term strategic objectives.

Personalization

Flexible lifetime income solution

Franklin Templeton and Pacific Life bring a unique retirement solution to market, offering tailored lifetime income options through gradual, incremental purchases and optimized asset allocation. This cost-efficient solution is easy to implement, using Collective Investment Trusts (CITs) to provide competitive pricing, professional management, and portability for a secure retirement journey.

Tailored lifetime income

Provides customized income solutions through gradual retirement income purchases, using personalized asset allocation.

Flexible retirement income

Allows participants to make incremental lifetime income purchases, easing their retirement transition.

Cost-effective and easy to implement

Utilizes CITs for streamlined setup, competitive pricing, and added participant benefits like professional management and portability.

Insights

What retirement plan advisors need to know about in-plan retirement income solutions

It is important for savers to understand guaranteed and non-guaranteed options when looking at retirement solutions offered within a 401(k) plan. Our expert shares the highlights and talks about the need for personalized strategies.

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Making it last: Advanced retirement income strategies for everyday investors

Help clients tackle the fear of outliving their savings. This program provides essential strategies for creating and sustaining retirement income, guiding meaningful discussions with clients.

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The Hidden Costs of Aging

Retirement planning goes beyond saving—it's about managing housing and healthcare costs. Advisors who address these needs can build stronger client relationships and attract new business.

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Contact us

Your Franklin Templeton Retirement Plan Director can share insights about alternative investment strategies and how an allocation to alternatives can help you build better retirement portfolios.

Find the Retirement Plan Specialist in Your Area

Important Information

1. Source: Franklin Templeton’s 2024 Voice of The American Workplace Survey. The Voice of the American Employer Survey was conducted by The Harris Poll on behalf of Franklin Templeton from November 6th to November 17th, 2023. All 1,000 respondents, based in the United States, are classified as employers, defined as having at least some influence over company benefits and/or hiring at organizations with over 100 employees. Respondents represent a mix of industries, company size, role, age, and race.

All investments involve risks, including possible loss of principal. There is no assurance that the employment of this strategy will result in future targets being met.

This material has been provided for informational purposes and should not be construed as investment advice or a recommendation of any particular investment product, strategy, investment manager or account arrangement.

Before adopting any plan you should carefully consider all of the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace retirement plans. Plan sponsors and plan administrators should consult the advice of legal counsel or a tax professional to address their specific situations.

Prospective investors should consult a financial professional in order to determine whether an investment product is appropriate for their particular circumstances.

Franklin Resources, Inc. and its subsidiaries offer investment management services through multiple investment advisers registered with the SEC, doing business as Franklin Templeton.  

Empower refers to the products and services offered by Empower Annuity Insurance Company of America and its subsidiaries. This material is for informational purposes only and is not intended to provide investment, legal, or tax recommendations or advice

Pacific Life’s Income Horizon™ is a group deferred income annuity. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products can be issued in all states, except New York, by Pacific Life Insurance Company or Pacific Life & Annuity Company. In New York, insurance products are only issued by Pacific Life & Annuity Company. Product availability and features may vary by state. Product and features are subject to regulatory approval. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.

Empower Annuity Insurance Company of America (EAICA) is affiliated with Great-West Lifeco Inc. (Lifeco) who sold Putnam Investments, LLC to Franklin Resources, Inc. (Franklin). As a result of the transaction, EAICA’s affiliate owns approximately 6 % of Franklin as of January 1st, 2024. As a part of the transaction, Lifeco entered into arrangements with Franklin under which Lifeco has committed to allocate assets over a period of time to be managed by Franklin’s investment managers and has agreed to support the availability of Franklin and its affiliates’ products and services on enterprise platforms. If certain Franklin revenue thresholds are achieved under those arrangements, Lifeco will receive contingent transaction consideration and other financial benefits. Franklin also includes Alcentra, Benefit Street Partners, Brandywine Global, Clarion Partners, ClearBridge Investments, Franklin Templeton Investments, K2 Lexington Partners, Martin Currie, Putnam Investments, Royce Investment Partners and Western Asset Management as of January 1st, 2024.

Franklin Templeton and Pacific Life have jointly developed a solution that will include one or more group annuity contracts issued by Pacific Life to collective investment trusts for the funding of an in-plan accumulation solution.

No part of this article may be reproduced in any form or referred to in any other publication, without written permission of Pacific Life.

Franklin Templeton and Pacific Life are unaffiliated companies.