Conning releases study looking into the current state of income (in)security for Americans and the U.S. insurance industry’s opportunity to supplement retiree income gaps through annuities.
HARTFORD, Conn., March 17, 2023 /PRNewswire/ — A significant trend in the U.S. retirement system over the past four decades is that private sector employees have become less likely to be covered by defined benefit (DB) pension plans and more likely to be covered by defined contribution (DC) plans. The recent volatility of the stock market coupled with the aging Baby Boomer population nearing retirement has given rise to participant demands for guaranteed […]
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