The FIDx Five: Rate Cuts Could Spark a Fresh Wave of Sales
Retirement, Annuity, & Fintech Insights
Advisors may see a rise in demand for annuities as the latest Fed rate cut makes these products more attractive to clients. Discover more, and then check out the other four stories in this edition of "The FIDx Five."
Sales Set to Accelerate With Fed’s New Rate Cut
The Federal Reserve's recent rate cut could create new momentum in annuity markets, prompting financial professionals to rethink their sales strategies.
Source: ThinkAdvisor, "Fed Rate Cut Could Speed Up Some Annuity Sales," 09/19/24
Private Equity's Battle for Control of the $15 Trillion Retirement Market
As insurers and private equity firms vie for dominance, the future of retirement planning is being shaped by this high-stakes power struggle.
Source: Bloomberg, "Private Equity Fights Insurance for $15 Trillion Retirement Prize," 09/09/24
China's Retirement Age Reform
In a bid to tackle its aging population, China is raising its retirement age—a move that could reshape the workforce in the world's second-largest economy.
Source: NPR, "China is Raising Its Retirement Age, Now Among the Lowest in World's Major Economies," 09/13/24
RILAs: The Disruptive Force That Shocked the Annuity World
The emergence of RILAs caught the industry off guard, revolutionizing how clients approach market risk and returns.
Source: InsuranceNewsNet, "'What the heck is this thing?' Panel Recalls How RILAs Gave Industry a Jolt," 09/14/24
U.S. Insurers Falling Behind in the AI Race: What's Holding Them Back?
Despite the AI revolution, two-thirds of U.S. insurers admit they aren't ready to adopt the technology, citing challenges from data management to workforce readiness.
Source: Life Annuity Specialist, "Why Two-Thirds of U.S. Insurers Say They Aren’t Ready for AI," 09/12/24
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