by masteris009 » Mon Dec 15, 2008 03:45 pm
That''s one of the conclusions from the 2008 Retirement Income Products and Solutions Study, just released from the Diversified Services Group, Inc. (DSG).
James Sholder, a principal in DSG''s Retirement Practice, noted that guaranteed lifetime benefit (GLB) annuities are under "serious challenge" as the major product option for producing a stream of income over a retiree''s lifetime.
"The mutual fund industry is quickly developing its own set of solutions to address longevity and the other primary retirement risks," Sholder said.
The ninth annual report in the RM(2) Reports™ series includes findings from two research efforts: a survey of more than 40 providers of retirement income products and solutions, and a series of 17 in-depth interviews with selected senior executives who focus on the retirement income market. The study provides a view of industry product sales, new product and solution development trends, competitive behaviors, and future insights on the changing retirement income market.
James Sholder, a principal in DSG''s Retirement Practice, noted that guaranteed lifetime benefit (GLB) annuities are under "serious challenge" as the major product option for producing a stream of income over a retiree''s lifetime.
"The mutual fund industry is quickly developing its own set of solutions to address longevity and the other primary retirement risks," Sholder said.
The ninth annual report in the RM(2) Reports™ series includes findings from two research efforts: a survey of more than 40 providers of retirement income products and solutions, and a series of 17 in-depth interviews with selected senior executives who focus on the retirement income market. The study provides a view of industry product sales, new product and solution development trends, competitive behaviors, and future insights on the changing retirement income market.
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