Did You Know?
- That, as of the first quarter 2011, the combined net assets of U.S. variable annuities were valued at nearly $1.6 trillion, an 11% increase from first quarter 2010 and the highest level ever recorded?
- In 2010 fixed annuity assets were valued at $659 billion a 6% increase from 2009?
- That in 2010, the total average expense difference between variable annuities and mutual funds was 1.01%?
- In 2011, the contribution limits range from $5,000-$6,000 for an IRA, $16,500-$22,000 for a 401(k) and $200,000 plus for a non-qualified annuity?
- That the average number of funds per variable annuity contract was 50 in 2010, of which 47% of assets were invested in equities, 11% in bonds, and 20% in fixed-rate accounts?
- That the guaranteed lifetime withdrawal benefit was offered on 79% of variable annuities in 2011 and was elected by 65% of contract holders?
- Boomers who own annuities have a higher confidence in retirement expectations, with 92% believing they are doing a good job in preparing for retirement?
High-Level Professional Resources
The IRI Fact Book, 11th Edition Unveiled
11th Edition Touted as the Reliable Information Source Monitoring a Dynamic Industry
WASHINGTON, D.C. - The Insured Retirement Institute (IRI) today unveiled the 11th Edition of the IRI Fact Book. This latest installment features new research, industry data, as well as variable and fixed annuity market reports to keep current on the latest sales trends, product innovations, and market changes. Through the collaborative effort of more than two dozen industry-leading researchers, the IRI Fact Book is able to provide authoritative market commentary along with comprehensive market data in one convenient location.
"In a rapidly transforming industry, and as it becomes more and more difficult to monitor every change and every data point, it's imperative to have a go-to source so that all the information can be at arm's reach-that's the IRI Fact Book," said IRI President and CEO Cathy Weatherford. "IRI continues to be the leading provider of industry research for public policymakers, the media, to advisors and their clients, and to the entire insured retirement industry. And the IRI Fact Book continues to be our mainstay publication for delivering this unparalleled collection of information to these groups."
The new IRI Fact Book, 11th Edition continues in the direction set forth by last year's edition, which expanded to include resources to help financial professionals better understand and serve their clients by addressing subjects beyond annuities. As such, the 11th Edition covers the entire retirement planning arena and provides access to the latest practice management tips and information.
Highlights of the IRI Fact Book, 11th Edition:
- An analysis on how the Dodd-Frank Act will affect annuities regulation
- IRI exclusive research on health care costs in retirement
- IRI research spotlights on various demographic groups including middle-income Baby Boomers, Generation X and women
- An overview of regulations regarding the use of social media by financial services firms
To view the table of contents from the IRI Fact Book, 11th Edition, click here.
About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization that for twenty years has been a mainstay of service, commitment and collaboration within the insured retirement industry. Today, IRI is considered to be the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI proudly leads a national consumer education coalition of nearly twenty organizations and is the only association that represents the entire supply chain of insured retirement strategies: our members are the major insurers, asset managers, broker dealers and more than 150,000 financial professionals. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI's mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies and the consumers that rely on their guarantees. Visit www.IRIonline.org today to experience the vast resources of the Insured Retirement Institute for yourself.
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