The industry may be in the middle of a move from commission to fee-based annuities. Find out more about that and the four other news items that jumped out to us this week in the latest edition of "The FIDx Five."
Questioning Commissions
A change is underway to move toward fee-based annuities at many broker dealers. Is the industry ready to shift further away from commission-embedded products?
Source: Financial Advisor IQ, “Some Distributors Shift Away From Commission-Based Annuities,” 1/6/23
76.4
Life expectancy in the US dropped 7 months over the past year. See how a misinterpretation of this news could hurt retirement planning.
Source: MarketWatch, “Opinion: Life expectancy in the U.S. has declined. What does that mean for your retirement?” 1/10/23
Annuities 101
Annuities are back in the conversation, and many have questions. Forbes Advisor digs into the basics and provides you with answers to give.
Source: Forbes, “How Do Annuities Work?” 1/10/23
The French May Soon Work Longer
The legal retirement age in France is 62—but that may soon increase. After years of pushback, pensions could start at 64 or 65 in the European country.
Source: Reuters, “Macron presses ahead with pension reform as French discontent swells,” 1/8/23
In-Plans Annuity Options in 2023
Annuities as important guaranteed-income solutions in DC plans? The head of Fi360 discusses the possibilities.
Source: PLANADVISER, “A Method for Comparing Retirement Plan Annuities,” 1/6/23
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