Investor Economics’s Carlos Cardone says newer annuity products may be on par with pension plans
This is Globe Advisor’s weekly newsletter for professional financial advisors, published every Friday. If someone has forwarded this newsletter to you via e-mail, or you’re reading this on the web, you canThe interest rate hiking cycle that central banks launched last year has given a boost to annuities, which are now back in favour among advisors and investors.
Globe Advisor editor Pablo Fuchs spoke with Carlos Cardone, managing director of Investor Economics at ISS Market Intelligence, in aWhat are these new products designed to do, and what impact do you expect them to have on the market, overall? These products make a lot of sense for clients who reach that age with very substantial assets in registered accounts. For registered accounts or some tax-deferred benefits, there is the possibility of avoiding, to some extent or entirely, reductions in old-age security payments, and so on.
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