Short-Term Focus has Adverse Impact on Retirement Income Product Development

Warren Buffett’s most recent shareholder letter focuses on the merits of productive assets such as equities in light of the current low interest rate environment and the potential for future inflation.

Buffett’s view is that although productive assets are variable and volatile, they are more likely to preserve future purchasing power than the fixed or currency-based alternatives.

Buffett’s advice would seem to provide a key...

Challenger Annuity Sales Double

Australia's largest annuity company, Challenger, reported record sales for the most recent quarter and increased its full year sales target by 28.5 percent. Challenger increased its forward-looking annual sales target from $1.4 billion to $1.8 billion. The company attributes part of the sales upsurge to a $5 million advertising campaign that was launchded this past February. The ad campaign focused on retail annuity sales. According to an article in The Australian: "Challenger expects life...