Virtually all American retirees already own a pension that's more generous than any retail annuity could ever be: their Social Security benefits. But how much does the entitlement "crowd out" demand for retail annuities? The answers may surprise you.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
Some researchers believe that the rise of professional couples with two high-powered salaries as a result of 'positive assortative matching" has helped fuel the wealth-concentration that pundits so often write about these days.
A new report from Diversified Services Group, Inc. and Greenwald & Associates offers predictions from 24 industry experts about the shape of the retirement industry ten years from now. It's like a transcript of a high-level brainstorming session.