The FIDx Five: Soaring Sales, Stagnant Progress
Retirement, Annuity, & Fintech Insights
Record-breaking annuity sales may be dazzling, but the industry's underlying issues remain hidden in plain sight. Discover the sobering truth behind the impressive numbers and then stick around for four other can’t-miss stories in this week’s “The FIDx Five.”
The Annuity Paradox
Beneath the surface of historic annuity sales lies a stagnant industry, struggling to innovate and evolve. Discover the factors behind this contradiction and what it means for the future of annuities.
Source: ThinkAdvisor, “Don’t Let Record Sales Fool You: The Annuity Industry Is Stuck,” 4/26/23
Another Half Decade of Growth?
LIMRA's latest forecast projects strong annuity sales through 2027, bolstered by increased demand and an aging population. Dive into the factors driving this sustained growth.
Source: InsuranceNewsNet, “Strong annuity sales forecast through at least 2027, LIMRA says,” 4/25/23
Grappling with Fee-Based Doubts
RIAs continue to voice objections to fee-based annuities, citing concerns about transparency and value. Explore the reasons behind their resistance.
Source: Financial Advisor, “RIAs And Their Objections To Fee-Based Annuities,” 4/25/23
The Salary Slump
Insurance industry salary expenses have taken their biggest plunge in a decade, leaving experts puzzled. Uncover the cause of this surprising development.
Source: Life Annuity Specialist, “Expenses for Salaries Just Fell the Most in a Decade. Say What?!?!,” 4/24/23
Economic Aftershock
The ongoing banking crisis is causing a gradual yet significant impact on the economy, with long-term consequences still to be seen. Delve into the factors contributing to this slow-burn effect.
Source: CNBC, “The banking crisis is having a slow-burn impact on the economy,” 4/25/23
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