Skip to content

Rebound, Progress Toward Digital Solutions, and High Potential for More Retirement Relief from Congress Expected

WASHINGTION, D.C. – 2021 should prove to be a year of increasing annuity sales, progress toward better retirement policy, and movement closer to a fully digital experience for advisors and consumers, according to the Insured Retirement Institute (IRI), which issued its State of the Industry Report today.

Last year was an extraordinarily challenging year for the retirement income industry. Adaptations had to be made quickly and efficiently due to COVID-19 as significant shifts in sales among product types, precipitated by an interest rate environment few envisioned, put significant stress on all aspects of production.

The report noted that operationally the industry made more progress toward modernization and electronic processing in one year than in the prior several. Those successes will carry forward into the future to help drive the industry forward.

On the advocacy front, forward-thinking legislators are helping to pave the way for retirement savers to achieve greater success in planning for their futures.

“While our industry faced many challenges last year, we demonstrated that when we harness the leadership, talent, and collective action of our industry, we move forward together,” said Wayne Chopus, IRI President and CEO. “The future shows much promise if we remain focused and continue the hard work necessary to improve consumers’ access to retirement plans and lifetime income, and advance practical, digital solutions that will improve the advisor-client experience across the lifecycle of the annuity.”

# # #

Contact: Dan Zielinski

Stay Informed

Latest News

February 6, 2024

IRI VISION: SURVEY SAYS: DIGITAL FIRST CAN DRIVE ANNUITY MARKET GROWTH

Delivering a fast, efficient, and reliable annuity experience will encourage more financial professionals to use annuities more frequently with clients….

Read more
January 30, 2024

IRI RESEARCH: FINANCIAL PROFESSIONALS MAKE ALL THE DIFFERENCE

WASHINGTON, D.C. – Retirees who maintain a relationship with a financial professional have more savings, less debt, and greater financial…

Read more
January 10, 2024

HOUSE HEARING EXAMINES FLAWED LABOR DEPARTMENT INVESTMENT ADVICE RULE

IRI Testifies that the Proposal is a Solution in Search of a Problem  WASHINGTON, D.C. – The Insured Retirement Institute…

Read more
Scroll To Top