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Are U.S. Insurers And Fund Managers Positioned To Capture The Retirement Income Opportunity? Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 9, 2011--Competition among insurers and mutual funds to manage the retirement assets of baby boomers has never been stronger, said industry executives speaking at Standard & Poor's Ratings Services' 2011 insurance conference. In the U.S., 10,000 baby boomers turn 65 every day. However, retirement isn't necessarily imminent, as many of them suffered losses to their nest eggs during the economic downturn and still must work and save. The question is whether the financial services industry, after the financial downturn, will be able to capitalize on the opportunity of this age wave. 'I would contend- that the life insurance industry is in significantly better shape to take advantage of this opportunity today than it was...
Companies mentioned in this report are: Fidelity Investments Life Insurance Co.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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