ARS Selects SS&C to Support Suite of Guaranteed Income Products

Rhea-AI Summary

SS&C Technologies Holdings (Nasdaq: SSNC) has announced a strategic partnership with ARS to integrate and distribute ARS's Lifetime Income Builder retirement products through SS&C's Retirement Income Clearing & Calculation (RICC) Platform. The collaboration aims to expand access to guaranteed lifetime income solutions in the defined contribution market.

ARS's Lifetime Income Builder offers group fixed indexed annuities with guaranteed lifetime withdrawal benefits. Through this integration, recordkeepers can easily add Lifetime Income Builder funds via CUSIPs, making lifetime income solutions more accessible. The partnership leverages SS&C's RICC platform to create seamless connectivity between recordkeepers, plan providers, product providers, advisors, and participants.

The solution features easy-to-use, professionally managed portfolios that participants control, designed to provide sustainable retirement income. This integration enables streamlined fund administration capabilities and broader distribution opportunities across leading recordkeeping platforms for ARS's target date funds integrated with Lifetime Income Builder.

Positive

• Strategic expansion into guaranteed income products market through ARS partnership
• Enhanced distribution opportunities through integration with leading recordkeeping platforms
• Streamlined product accessibility through CUSIP-based implementation

Negative

• None.

Insights

Financial Technology Expert

SS&C's new partnership with ARS represents a strategic expansion of their RICC platform's capabilities in the retirement solutions marketplace. By integrating ARS's Lifetime Income Builder products, SS&C strengthens its position as a critical infrastructure provider connecting recordkeepers, plan providers, and participants.

The deal leverages SS&C's existing technological infrastructure to add new product offerings without requiring significant capital investment—an asset-light growth approach. SS&C can potentially generate incremental revenue through platform fees and transaction processing as adoption increases across recordkeeping platforms.

What's particularly valuable here is how SS&C is addressing a key friction point in the retirement income ecosystem: the technical complexity of integrating guaranteed income products with various recordkeeping systems. By simplifying this process, SS&C positions itself as an enabler for broader market adoption of guaranteed income solutions.

This partnership aligns with demographic trends driving increased demand for guaranteed income solutions as more Americans approach retirement age. SS&C benefits from this market expansion without assuming the financial risk of creating the underlying annuity products themselves.

While strategically sound, without financial details regarding expected transaction volumes or revenue projections, it's difficult to quantify the near-term financial impact on SS&C's $20.2 billion market cap. This appears to be a positive long-term positioning move with modest near-term financial implications.

ARS' Lifetime Income Builder Products to Join SS&C Retirement Income Clearing & Calculation (RICC) Platform

WINDSOR, Conn., March 18, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that ARS, an innovative guaranteed lifetime income solutions and technology provider for the defined contribution market, has partnered with SS&C Retirement Solutions to distribute and service its suite of Lifetime Income Builder retirement products.

ARS' Lifetime Income Builder offers group fixed indexed annuities with a guaranteed lifetime withdrawal benefit. The guaranteed income products will be available to recordkeepers on SS&C's Retirement Income Clearing & Calculation (RICC) Platform, which enables seamless connectivity between recordkeepers, plan providers, product providers, advisors and participants in the growing retirement income market.

"The partnership between SS&C and ARS will help more Americans become retirement ready. By providing access to a solution with benefits participants expect—easy-to-use, professionally managed portfolios they control at all times—ensuring they will not run out of income in retirement," said Joe Boan, Chief Distribution Officer at ARS.

"To change the way Americans retire, we have to make it easier for recordkeepers to offer innovative solutions like Lifetime Income Builder," added Abby Canfield, Chief Operating Officer at ARS. "The integration of the Lifetime Income Builder-based solutions and ecosystem with the SS&C RICC platform enables this by creating seamless fund administration capabilities."

ARS will gain access to distribution opportunities across leading recordkeeping platforms for its suite of target date funds integrated with Lifetime Income Builder. Recordkeepers can add Lifetime Income Builder funds to their offerings through their CUSIPs, making the lifetime income solutions uniquely accessible.

"We are thrilled to add ARS' pioneering Lifetime Income Builder suite of funds to RICC," said Michael Rogalski, President, SS&C Retirement Solutions. "As the retirement landscape changes, workers increasingly turn to protected income solutions to prepare for retirement. RICC is designed to support providers like ARS in broadening access; while eliminating the time and resources they would otherwise need to invest to get their solutions to market."

Learn more about SS&C's RICC platform here.

About ARS

ARS is a leading lifetime income design and technology company dedicated to solving the retirement income challenge with innovative, participant-first solutions. Founded in 2020, ARS is led by a team of industry veterans with a combined 175 years of experience in retirement plans, annuities, and asset management. ARS's patent-pending design, Lifetime Income Builder, has redefined how the industry delivers income within target date funds—seamlessly integrating lifetime income while maintaining the core benefits that have made target date funds successful for decades. In 2025, Apollo, Athene, and Motive Partners acquired ARS. Learn more at https://arsfinancial.com/

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What products will SS&C's RICC platform support through the ARS partnership?

SS&C will support ARS's Lifetime Income Builder products, which are group fixed indexed annuities with guaranteed lifetime withdrawal benefits.

How will recordkeepers access ARS's Lifetime Income Builder funds through SSNC's platform?

Recordkeepers can add Lifetime Income Builder funds to their offerings through CUSIPs via SS&C's RICC platform.

What benefits does the SS&C-ARS partnership offer to retirement plan participants?

Participants get access to easy-to-use, professionally managed portfolios they control, with guaranteed income in retirement.

How does SSNC's RICC platform facilitate retirement income product distribution?

RICC enables seamless connectivity between recordkeepers, plan providers, product providers, advisors and participants in the retirement income market.