BABY BOOMERS FOCUSING ON GUARANTEED INCOME
Securing a significant source of retirement income guaranteed for life is a top financial goal for virtually all Baby Boomers, according to research sponsored by AIG SunAmerica and conducted by Harris Interactive.
Survey participants consistently cited guaranteed lifetime income, protection against investment losses, and sufficient income to meet rising health care costs as their most important financial planning objectives.
According to the survey, roughly 75 percent of the Baby Boomers polled said that they would be interested in an investment product that could address these needs, while two thirds said that they would be willing to pay up to 2 percent of their annual investment returns for a lifetime income guarantee.
ING OFFERS FIXED ANNUITY WITH 'RE-UP' FEATURES
Financial services concern ING is now offering ING Renuity, a fixed annuity that has a guaranteed interest rate for a three- or five-year period, with the ability to lock in higher rates if offered in the future.
ING said that the product aims to provide individuals rolling over retirement plan funds with a competitive fixed-income product having upside potential. It is issued through ING Life Insurance and Annuity Co.
TIBURON RELEASES TWO MUTUAL FUND REPORTS
Tiburon Strategic Advisors has released a pair of reports on the mutual fund industry, one that provides an overview of the sector, and the other focusing on research.
The first report provides a comprehensive benchmark for industry executives seeking a historical top-down perspective of mutual funds, their markets and distribution channels, as well as projections. The second report is divided into two parts: updated research on the mutual fund and venture capital/private equity industries, and the first draft of its management consulting industry research report.
For more information, visit tiburonadvisors.com.
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