The FIDx Five: The Push for More Annuity Options
Retirement, Annuity, & Fintech Insights
Unveiling a bold new strategy, Fidelity and State Street aim to redefine retirement savings by merging the best features of 401(k)s and pensions. Learn more about this and the four other stories from this week that got our attention in the latest “The FIDx Five.”
A 401(k) Renaissance?
Fidelity and State Street are spearheading efforts to morph 401(k)s into pension-like plans, potentially offering a more secure financial future for millions of workers. Learn how this could reshape the retirement landscape.
Source: The Wall Street Journal, “Fidelity and State Street Push to Make 401(k)s More Like Pensions,” 4/19/23
Putting the Heat on Juggling Roles
When annuity sellers double as advisors and sales representatives, conflicts of interest may arise. Find out how the SEC aims to protect consumers by reevaluating regulations for these dual-role professionals.
Source: Life Annuity Specialist, “SEC May Turn Up Heat on Annuity Sellers Who Wear Two Hats,” 4/19/23
Inflation's Stranglehold on Retirement
Soaring inflation rates are casting a dark shadow over retirement savings, shrinking nest eggs while prices continue to rise. Delve into the sobering statistics and uncover the challenges facing future retirees.
Source: 401(k) Specialist, “How Bad Inflation is Hurting Retirement Saving: By the Numbers,” 4/20/23
Riding Q1's Financial Roller Coaster
The first quarter results are in for life, health, and annuity issuers, prompting questions about their financial health. Explore the highs and lows of their performance and what it could mean for the industry's trajectory.
Source: Think Advisor, ”Was Q1 Really That Bad for Life, Health and Annuity Issuers?” 4/17/23
The 'Annuity King' Saga Continues
As week one of the high-stakes fraud trial unfolds, the 'Annuity King' faces a storm of legal setbacks. Keep up with the twists and turns of this riveting case and the potential shockwaves it could send through the annuity world.
Source: InsuranceNewsNet, “A pair of rulings go against the ‘Annuity King’ in week one of fraud trial,” 4/17/23
Featured articles may need subscriptions from their respective sites.
Fiduciary Exchange LLC (FIDx) is a technology firm offering solutions that connect the brokerage, insurance, and advisory ecosystems. FIDx does not provide any advice or make any recommendations with respect to any insurance or other financial products and does not solicit, offer or sell any insurance or other financial products. Financial professional use only. © 2023 Fiduciary Exchange LLC. All rights reserved.