Of plan sponsors considering an in-plan annuity, 79% do so through a plan consultant or adviser, according to a LIMRA...
Retail annuity sales hit $89.4 billion in Q3, while deferred income annuity sales reached $950 million, according to LIMRA.
Financial institutions have an opportunity to design solutions tailored to the needs of a huge potential audience of Latino workers.
The in-plan retirement income marker coincides with another record quarter for retail annuities, according to a separate report from LIMRA.
Volatile markets amid high interest rates have driven asset growth on SS&C’s retirement income platform to more than $1 billion.
New PGIM research also signals a potentially larger market for the guaranteed income product.
Separately, CFP launches an endowed scholarship to cultivate more female financial advisers.
The trade association found retail annuity sales were 17% higher than a prior 2008 record, driven in part by investors...