Guaranteed lifetime benefit annuities are under serious challenge as the major product solution for producing a stream of income over a retiree’s lifetime. The mutual fund industry is quickly developing its own set of solutions to address longevity and the other primary retirement risks, says James Sholder, a Principal in the Diversified Services Group Inc.’s Retirement Practice.
DSG released findings of its 2008 Retirement Income Products and Solutions Study; this is the 9th annual report. According to DSG, the study has been designed to provide a timely view of industry product sales, new product and solution development trends, competitive behaviors and future insights on the ever evolving retirement income market.