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Putting the new' in annuities

Annuities are poised for a comeback as retiring baby boomer gaze for ways to make their defined-contribution savings last a lifetime, retirement clevers say, but so far there's more talk than action by means of plan sponsors, who want to avoid the fiduciary risk of selecting annuity providers.

"I think the outcome is a little bit ahead of the ne Many of our plan sponsors will be interested in discussing it," especially those with older workforces and those that be congealed their defined benefit plans, says Ray Martin, president of CitiStreet Advisors. The benefits administrator began offering an online annuity-purchasing tool to its 6000 defined contribution plans earlier this year.

Annuities, which transform lump sums into pension-like monthly payments, also appeal to the many retirees who fear outliving their savings. With 77 million baby boomer plant to retire during the nearest 25 years, insurers are revising and positioning these


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