Group 1 - SS&C Technologies has partnered with ARS to distribute and service its Lifetime Income Builder retirement products on the RICC platform, enhancing access to guaranteed lifetime income solutions for the defined contribution market [1][2][5] - The Lifetime Income Builder offers group fixed indexed annuities with a guaranteed lifetime withdrawal benefit, aimed at providing participants with easy-to-use, professionally managed portfolios [2][3] - The integration of ARS's solutions with SS&C's RICC platform will streamline fund administration and broaden distribution opportunities for recordkeepers, making lifetime income solutions more accessible [4][5] Group 2 - ARS, founded in 2020, focuses on innovative lifetime income solutions and is led by a team with 175 years of combined experience in retirement plans and asset management [6] - The company’s patent-pending design, Lifetime Income Builder, integrates lifetime income into target date funds while preserving their core benefits, addressing the retirement income challenge [6] - SS&C Technologies, established in 1986, provides services and software for financial services and healthcare industries, serving over 22,000 organizations globally [7]
ARS Selects SS&C to Support Suite of Guaranteed Income Products