The FIDx Five: MYGA Sales Fluctuate
Retirement, Annuity, & Fintech Insights
MYGA sales experienced a dip by 24% in the second quarter, leading some in the industry to question whether its a sign of a trend to come. Learn more about MYGA sales and check out the four other stories in this edition of "The FIDx Five."
Wink's CEO Weighs In On Annuity Trends
Despite the cooling of MYGA sales, Sheryl Moore of Wink insists that the market remains robust. However, fierce competition and potential loss-leader products might be influencing trends.
Source: Think Advisor, “Sales of a Hot Fixed Annuity Product Start to Cool,” 08/24/23
Work and Retirement Converge, Studies Show
New research indicates that the way we approach our lives and the way we work is changing.
Source: Plan Sponsor, “Lines Between Work and Retirement Are Blurring, Research Finds,” 08/23/23
Disparity in Life Insurers' Salary Offerings
Recent reports shed light on the vast salary range differences within life insurance companies.
Source: Life Annuity Specialist, “Life Insurers List Salary Ranges that Can Vary by as Much as 100%,” 08/18/23
Retirement Savings Alarm: Misinterpreted or Misleading?
Recent headlines suggest a significant portion of older Americans are heading towards retirement with no savings. But a closer look at the data tells a different story.
Source: The Wall Street Journal, “You’re Probably Saving Enough for Retirement,” 08/22/23
Gen Z Leads the Charge in Retirement Savings
The youngest working generation is outpacing their predecessors in financial planning for retirement, challenging previously held notions about young investors.
Source: Yahoo!, “Gen Z Surpasses Older Generations In Retirement Savings And Investments,” 08/24/23
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