Cost of Hedging Annuity Guarantees Soared: IRI

February 25, 2020 by Allison Bell

For U.S. annuity issuers, the cost of managing the risk associated with benefits guarantees is much higher now than it was just 18 months ago.

The Insured Retirement Institute (IRI) has included a chart illustrating that increases in its new State of the Insured Retirement Industry report.

IRI is a Washington-based group for organizations with an interest in annuities and other income planning arrangements.

IRI says many factors, such as consumers’ growing awareness of retirement risk, and the employer retirement plan tax incentives in the Secure Act, should help annuity issuers increase sales.

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Originally Posted at ThinkAdvisor on February 24, 2020 by Allison Bell.