MetLife partners with Alight to expand retirement income options

MetLife Inc. (NYSE: MET) and Alight Inc. (NYSE: ALIT) announced a strategic collaboration to integrate MetLife's institutional income annuities into Alight's Worklife platform, which serves nearly 12 million defined contribution plan participants.

The partnership will provide access to MetLife's Guaranteed Income fixed immediate annuity and Retirement Income Insurance QLAC, a fixed deferred income annuity, within defined contribution plans. The collaboration is enabled by provisions in the SECURE Act and SECURE 2.0 legislation.

MetLife's 2025 Enduring Retirement Model Study found that 93% of plan sponsors recognize the need for guaranteed income solutions, with nearly two-thirds of companies currently offering or planning to offer guaranteed retirement income solutions within five years. The study also indicated that 69% of workers believe guaranteed retirement income sources would help them achieve a comfortable retirement.

"With so many workers feeling anxious about how to make their savings last in retirement, access to dependable income solutions is more important than ever," said Graham Cox, Executive Vice President and head of Retirement & Income Solutions at MetLife.

Rob Sturrus, Chief Client Officer at Alight, stated that the collaboration "brings the power of retirement simplicity, education and security together for today's workforce."

According to Alight's 2025 Employee Mindset Study, 42% of employees feel confident about their financial situation, while 56% want help from their employer on financial health topics. The study cited that 62% of Americans consider outliving retirement savings a top worry.

The partnership will provide plan sponsors with streamlined administration tools and educational resources, while participants will receive digital tools and educational content through the Alight Worklife platform to help convert savings into lifetime income.

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