Innovation in retirement incomeProduct innovation - leapfrog ahead |
The future of retirement income products will depend upon the degree and speed of innovation in the marketplace. In particular, product, service and advice developments that could improve retirement income offerings to consumers while at the same time rewarding providers that develop such innovation.
Actuaries Lawrence Heyman and James Hickey, who are part of Deloitte Actuaries & Consultants, evaluate the current levels of innovation in the marketplace. In their paper, ' Innovation in retirement incomes' (PDF, 1065KB), they outline how to improve the advice given to retirees and the next generation of products that are emerging. These include annuity innovations, property equity release, insurance and longevity pooling products.
To find out more on product innovation opportunities, download the PDF attachment below.
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Changing annuities: product innovation - leapfrog ahead
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