Monday, February 04, 2008
Variable Annuities: Losing the Retirement Product War
With 75 million baby boomers galloping into retirement, wealth managers are going to be spending a lot of their time deciding what retirement income products are best suited for their clients. Recent research shows variable annuities are not among their favorites. According to a recent Cogent Research study, advisors forecast zero growth in their use of variable annuities (VAs) through the end of 2009. Why? The inherent complexities of VAs, the industry migration to fee-based platforms (most variable annuities use a commission-based pay structure), and the fact that investors and advisors are sensitive to the high fees on VAs are the primary reasons for their disinterest.
Variable Annuities: Losing the Retirement Product War
Source: Insurance News Net
Variable Annuities: Losing the Retirement Product War
Source: Insurance News Net
Permalink posted by armandn @ 12:02 PM 
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