The global banking system remains under pressure. And that has everyone questioning what new uncertainties are on the horizon. Discover more about this ongoing topic and four other stories from the past week in the latest, “The FIDx Five.”
Preparing for the Worst
Silicon Valley Bank's troubles could cause a ripple effect in the life and annuity industry. Diversification may be the key to mitigating the risk moving forward.
Source: Think Advisor, “How Life and Annuity Issuers Could Get Silicon Valley Bank Flu,” 3/13/23
Success in a Shrinking Variable Annuity Market
While variable annuity sales have decreased recently, some insurers have found success in the annuity market through innovation and adaptation. Here’s how they've done it.
Source: LifeAnnuitySpecialist, “Why Insurers, Like Equitable, Bucked a Slide in Variable Annuity Sales,” 3/15/23
To Retire or Not Retire Retirement
The debate over raising the retirement age is not just limited to the US. Countries worldwide are struggling with the controversial topic of aging populations and fiscal pressures.
Source: The New York Times, “Fed Chair Opens Door to Faster Rate Moves and a Higher Peak,” 03/07/23
The FDIC Lowdown
Do you know what's insured by the FDIC? Learn about this coverage that may be more important than ever to help protect a portion of your clients’ financial futures.
Source: AARP, “Is My Money Safe?”3/14/23
The Managed Annuity Boom Puts Nationwide to the Test
Nationwide is facing challenges in fulfilling orders for managed annuities amid the growing demand for this product. Could this issue affect the industry as a whole?
Source: How Nationwide, ‘Struggling to Fill Orders,’ Managed an Annuity Boom,” 3/15/23
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