Investment News columnist Darla Mercado wrote an interesting piece of the difficulty of making meaningful comparisons among annuities and related retirement income products.
Mercado focuses on the challenges created by the lack of benchmarks in the retirement income industry.
Unlike the investment industry where benchmarking and transparency of product features are standard, lifetime income products are opaque and complex.
Mercado examines the defined contribution plan sponsor market where stakes are especially high because of the fiduciary obligations related to annuity recommendations.
Product development and innovation in the retirement income space are contributing additional complexity to an area that already suffers from a lack of clarity.
Source: Investment News
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