IRI Makes It to Charleston
September 10, 2019 by Allison Bell
Just a week ago, organizers were worrying that Hurricane Dorian might force IRI to postpone or cancel the three-day event.
Charleston weathered the hurricane well. Hurricane-related worries are now in the organizers’ past. But issuers of annuities and other retirement income arrangements are still preparing for the arrival of the U.S. Securities and Exchange Commission’s Regulation Best Interest (Reg BI) — and for the aging of the baby boomers.
Wayne Chopus, the new IRI president, told attendees today, during welcoming remarks, that an average of about 10,000 U.S. baby boomers are retiring every day, and that the companies in the lifetime income industry is poised to help them.