Insured Retirement Institute (IRI)

Nearly half of America’s retirees say spending their savings creates anxiety, and 32% are spending money faster than they expected, according to a study by the Alliance for Lifetime Income. https://ow.ly/BjZX50UaXl0

IRI-supported, bipartisan legislation will help family members who leave the workforce to care for loved ones, often sacrificing their own long-term financial security. https://ow.ly/FwOc50U9YTI MarketWatch

A TIAA report found that only one in five Gen Zers is setting aside money for retirement. We need more solutions to encourage younger workers to save and consult a financial professional to help prepare for retirement. https://ow.ly/encZ50U9szP.

"Our Digital First for Annuities initiative is improving the annuity experience by eliminating a significant manual, error-prone process that can extend transaction times up to sevenfold," IRI President and Chief Executive Officer Wayne Chopus said in the announcement. https://ow.ly/gOO150U7X6P Ignites

Pacific Life invited me to California to participate in a fireside chat before 160 senior leaders in the life and annuity space earlier this week. It was a great chance to showcase to those less familiar with IRI what we do day in and day out and the power and purpose of trade associations. The session also demonstrated how Pacific Life maximizes its IRI member benefits on behalf of all employees and the consumers they serve. Many thanks to IRI Board Member Kevin Kennedy, Senior Vice President, Sales and Chief Marketing Officer of the Retirement Solutions Division, for the invitation and Barbara Dare, Vice President, Sales Strategy & Enablement, for moderating our fireside chat.

An Insured Retirement Institute-led (IRI) effort to transform the annuity experience for consumers and financial professionals reached a historic milestone with the first adoption of a new paperless process for replacement annuity business. A "Carrier-to-Carrier Paperless Replacement Process" can help reduce transaction time from weeks to as fast as one day. Athene a leading annuities and retirement services provider, is the first IRI member to implement the new solution for paperless replacements. https://ow.ly/Kvse50U75rG

Real-life stories that advisors say demonstrate the potential power of an annuity to solve particularly knotty problems. https://lnkd.in/e-4zeQdn Financial Advisor Magazine

On this Veterans Day, we honor those who have served and continue to serve. Thank you for your service. #VeteransDay2024

A new study backed by ACLI found that retirees with $250,000 or less in savings have better financial outcomes by annuitizing a larger portion of retirement savings. https://ow.ly/Pr0050TZlbP InvestmentNews

Two recently introduced IRI-supported congressional bills aim to improve #retirement security and help address the financial challenges faced by individuals who leave the workforce to care for loved ones. https://ow.ly/7Bx050TZifk