The FIDx Five: Insurers' Rate-Ride Shock
Retirement, Annuity, & Fintech Insights
As the pendulum of interest rates swung wildly last year, insurers found themselves stripped of their protective buffers. Delve into how these companies are battling to regain stability, and then stick around for the other four stories we included in this week’s “The FIDx Five.”
Buffers Vanish in Interest Rate Rollercoaster
Last year's interest rate fluctuations caught many insurers off-guard, leaving them scrambling for cover. Discover the factors that led to this precarious situation and what the future might hold.
Source: Life Annuity Specialist, “Many Insurers Lost Their Buffers Against Interest Rate Swings Last Year,” 3/31/23
Gloom & Doom
A recent study explores the link between pessimism and suppressed annuity sales, revealing surprising insights. Uncover the truth behind this intriguing correlation and its impact on the industry.
Source: InsuranceNewsNet, “Does pessimism really suppress annuity sales?,” 4/1/23
New Retirement Savings Handbook Unveiled
A comprehensive new guide for retirement savings and income has been released, offering valuable insights for a secure future. Learn what’s in the IRI’s new handbook.
Source: TheStreet, “New Retirement Savings and Income Handbook Released,” 4/4/23
NY Life’s Latest Annuity
New York Life introduces a groundbreaking fixed annuity product featuring a lifetime withdrawal guarantee. Find out how this innovative offering works.
Source: Think Advisor, “New York Life Adds Fixed Annuity With Lifetime Withdrawal Guarantee,” 4/5/23
Courtroom Drama Unfolds in Tampa
The so-called "Annuity King" faces trial over alleged Ponzi scheme charges, which he dismisses as a joke. Stay tuned for the high-stakes courtroom battle that could send shockwaves through the industry.
Source: InsuranceNewsNet, “‘Annuity King’ calls Ponzi scheme charges ‘a joke;’ Trial starts today in Tampa,” 4/3/23
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