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New Vice Chairs – Strategy Implementation Committee
We’re excited to announce that we’re welcoming two new Vice Chairs to the Strategy Implementation Committee. Craig Fernicola, Corporate Vice President, New York Life, and Leland Snyder, Vice President, J.P. Morgan Asset & Wealth Management, will be joining the committee’s leadership alongside Lana Nelson, Vice President Insurance Operations, Athene and Michael Finnegan, Executive Director, Morgan Stanley. We’re looking forward to the experience, perspective, and energy they’ll bring as we continue moving key initiatives forward.
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Craig Fernicola
Corporate Vice President
New York Life
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Leland Snyder
Vice President
J.P. Morgan Asset &
Wealth Management
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Digital First for Annuities:
What We’ve Achieved and What’s Next
Innovation & Industry Momentum
The 2025 IRI Hackathon, hosted by Prudential Financial, delivered a powerful message: when we focus on real-world challenges, our industry can move quickly. In just a few days, teams developed working solutions, demonstrating not only speed, but that shared standards can succeed in practice.
Building on that momentum, Nationwide Financial will host the 2026 IRI Hackathon. The focus will shift from proving what’s possible to accelerating what works and scaling solutions across the industry.
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Standards & Real-Time Infrastructure
In 2025, we launched a live Tech Library, a GitHub-hosted standards platform, and moved three standards into production, with carriers and solution providers already implementing.
In 2026, the focus shifts to depth with more standards, tighter interoperability, and more firms moving from pilots into production.
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Making Annuity Income Visible
In 2025, planning platforms began integrating IRI Baseline Values to improve modeling and projections.
In 2026, Activated Annuity Income will make real payment data visible directly inside wealth management platforms.
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Faster Issuance, Less Paper
In 2025, paperless replacements compressed the issuance cycle by 94 percent, bringing turnaround time down to roughly 24 hours.
In 2026, that same speed is coming to new business through fully digital submission and straight-through processing.
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Fewer Errors, Cleaner Submissions
In 2025, real-time application status standards dramatically reduced call center volume.
In 2026, real-time financial professional training updates and prefilled ceding carrier data will target NIGO at the source instead of fixing it after the fact.
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Advisor & Client Experience
In 2025, the focus was building a stronger digital foundation for financial professional readiness to sell and application transparency.
In 2026, that groundwork enables early rate-change alerts and the first wave of automated in-force servicing, starting with withdrawals.
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New Standards Available Now
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Producer Training Update: designed to eliminate the 14 percent training verification NIGO rate by enabling real-time verification and fewer manual fixes.
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Activated Annuity Income: adds payment amount, frequency, and last-paid details to support real planning conversations inside advisor tools.
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Interested in Writing a Sponsored Thought Leadership Article?
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Operations and Technology Important Dates
Digital First Steering Committee
January 28 | 3 p.m. ET
Strategy Implementation Committee
January 9 | 10 a.m. ET
Operations & Technology Committee
February 18 | 4 p.m. ET
2026 IRI Hackathon
February 24-26 | Columbus, OH
2026 IRI Annual Conference
April 22-24 | Tampa, FL | Register
Governance Subcommittee
Mondays | 11:30 a.m. ET
Ceding Carrier Data Working Group
Tuesdays | 10 a.m. ET
Digital Submission Only Working Group
Tuesdays | 11 a.m. ET
Holistic Financial Planning with Annuities Subcommittee
On hold
Inforce Transactions Working Group
On hold
Visualizing Annuities Working Group
On hold
Process & Regulation Subcommittee
As needed
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