Trendspotter: Demand for Guaranteed Retirement Income Is Surging
October 13, 2021 by Ginger Szala
A recent survey found that 78% of advisors reported that predictable income is more important to clients than asset growth. Although the study is from DPL, an annuity platform, the company isn’t alone in seeing a rise in the pursuit for guaranteed income as bond yields have dropped.
As DPL’s CEO, David Lau, told ThinkAdvisor in September, advisors have increasingly excluded bonds from total assets as part of their 1% fee because bonds aren’t yielding that much return.