DST Systems Inc., a provider of information processing solutions and services to the asset management, insurance, retirement, brokerage and healthcare industries, has released DST Insurance Solutions’ InPayce payout solution.
According to DST, the impending retirement of a large segment of the American population is driving a significant shift from the accumulation of assets to the decumulation of wealth, as individual deferred annuities, defined contribution plan accumulations, mutual funds and other assets start to disburse or pay out. The solution was developed to support life, annuity and mutual fund product providers needing flexible systems to track, distribute and service the income streams associated with guaranteed retirement income products.
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