The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
WASHINGTON, July 22 -- The Insured Retirement Institute issued the following news release:
The Insured Retirement Institute (IRI) today unveiled the IRI Fact Book 2014, offering financial professionals the latest retirement income research, industry data, and sales reports for the variable and fixed annuity markets. This latest edition of the IRI Fact Book focuses on explaining features of innovative annuity products and outlines considerations for financial advisors for including insured retirement strategies in retirement income plans.
"Our goal in developing the IRI Fact Book is to create a one-stop resource with the latest information and data on annuities, lifetime income strategies, and retirement planning approaches," said Cathy Weatherford, IRI President and CEO. "As the leading provider of education, research, and public policy information related to the retirement income industry, we are proud to collaborate with more than two dozen industry-leading researchers and organizations to produce this latest edition of the IRI Fact Book."
The IRI Fact Book is published each year to help public policymakers, the media, advisors and their clients, and the entire insured retirement industry understand and monitor changes in the retirement marketplace. The IRI Fact Book also is designed as a training tool and resource for those new to the retirement income industry.
Highlights of the IRI Fact Book 2014:
An overview of advisors' current retirement income practices
An update on product development trends and innovation including deferred income annuities
IRI exclusive research on barriers to saving, employment in retirement, and pending regulations impact on retirement savings
IRI research spotlights on demographic groups including women and Baby Boomers
An overview of the regulatory environment and taxation of annuities
Historical and 2013 annuity sales data
To view the table of contents from the IRI Fact Book 2014, click HERE.( http://goo.gl/myRizx)
About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association for the retirement income industry. IRI proudly leads a national consumer coalition of more than 30 organizations, and is the only association that represents the entire supply chain of insured retirement strategies. IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement. Learn more at www.irionline.org.
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