Volatile market causes investors to make changes to their pe
Friday, Mar 06,2009, 4:58:49 PM Click:
Volatile market causes investors to make changes to their pension RESTON, Virginia, February 23
More than half of respondents said that their customers will have to work longer and delay retirement plans
RESTON, Virginia, February 23 / PRNewswire / - NAVA, the Association for Insured Retirement Solutions, announced the results of a survey of investors to changes in the financial planning later today at the conference on marketing NAVA 2009 in New York Hilton. NAVA survey recently conducted by the polling of more than 1,500 financial advisors of the time behavior.
Main results of the survey included:
- More than half of advisors said their clients are changing or delaying
their estimates of the age of retirement
- Over half of respondents said their customers have been unwise
decisions more than usual
- Nearly 100 percent of advisors have noted an increase in the level of customer
concern about the future of financial security
- Nearly 85 percent of advisors said their clients believe that their future
quality of life will be lowered
"The rapidly changing and dynamic market very volatile challenge even the most discerning customers and the most experienced advisors," said Cathy Weatherford, president and CEO of NAVA. "The NAVA Marketing Conference 2009 will be a heavy emphasis on using the counselor who is on the front line - to help consumers who lost confidence in financial markets and the need to find a solution for security in the retirement. "
Other results of the survey highlighted how the current economic crisis is affecting the behavior of customers with specific products. For example, over 30 per cent of financial advisers said they foresee a significant increase of their clients the benefit of financial vehicles that provide guaranteed income for life.
"We are facing an exceptional period in the financial services industry," said Weatherford. "Now, more than ever, it is extremely important to talk with advisors to determine the best investment choices to help save to live in security and retirement, including investments to guarantee income for life. "
NAVA 2009 Marketing Conference on Monday, February 23 and Tuesday 24 February at the Hilton New York, brings together the countries of insurance, dealers and organizations in asset management that develop and market income pension and insurance solutions for Americans, including annuities. This year the two day event is filled with information for leaders and speakers, including the contribution of the book Freakonomics, presenting trends in baby boomers and expenditure, the former U.S. Senator John Sununu stressing Federal reforms planned under the new administration, and James Galbraith address the effect of the economic crisis on retirees and near retirees, social security and its role in the recovery.
To see the full results of the investigation NAVA visit: http://www.navanet.org/pressroom. For more information on Marketing Conference 2009 visit: http://www.navanet.org/conferences.
About NAVA, Inc. - NAVA, the Association for Insured Retirement Solutions (R) is a non-profit trade association located in suburban Washington DC NAVA provides a variety of services to the industry, including educational forums, research and conferences aimed at promoting the development and understanding of fixed and variable annuities, income annuities and variable life insurance.
Visit the Newsroom NAVA: http://www.navanet.org/pressroom
Media Contacts
Kathleen Driscoll McKee
NAVA
703.707.8830 ext. 17
kmckee@navanet.org
Elizabeth Walker
IMRE
856-988-0170
elizabethw@imre.com
SOURCE NAVA, the Association for pension insurance solutions
CONTACT: Kathleen Driscoll McKee of NAVA, +1-703-707-8830 ext. 17, kmckee@navanet.org or Elizabeth Walker of IMRE to NAVA, +1-856-988-0170, elizabethw@imre.com
Copyright © 2009 PR Newswire More than half of respondents said that their customers will have to work longer and delay retirement plans RESTON, VA, Feb.
More than half of respondents said that their customers will have to work longer and delay retirement plans
RESTON, Virginia, February 23 / PRNewswire / - NAVA, the Association for Insured Retirement Solutions, announced the results of a survey of investors to changes in the financial planning later today at the conference on marketing NAVA 2009 in New York Hilton. NAVA survey recently conducted by the polling of more than 1,500 financial advisors of the time behavior.
Main results of the survey included:
- More than half of advisors said their clients are changing or delaying
their estimates of the age of retirement
- Over half of respondents said their customers have been unwise
decisions more than usual
- Nearly 100 percent of advisors have noted an increase in the level of customer
concern about the future of financial security
- Nearly 85 percent of advisors said their clients believe that their future
quality of life will be lowered
"The rapidly changing and dynamic market very volatile challenge even the most discerning customers and the most experienced advisors," said Cathy Weatherford, president and CEO of NAVA. "The NAVA Marketing Conference 2009 will be a heavy emphasis on using the counselor who is on the front line - to help consumers who lost confidence in financial markets and the need to find a solution for security in the retirement. "
Other results of the survey highlighted how the current economic crisis is affecting the behavior of customers with specific products. For example, over 30 per cent of financial advisers said they foresee a significant increase of their clients the benefit of financial vehicles that provide guaranteed income for life.
"We are facing an exceptional period in the financial services industry," said Weatherford. "Now, more than ever, it is extremely important to talk with advisors to determine the best investment choices to help save to live in security and retirement, including investments to guarantee income for life. "
NAVA 2009 Marketing Conference on Monday, February 23 and Tuesday 24 February at the Hilton New York, brings together the countries of insurance, dealers and organizations in asset management that develop and market income pension and insurance solutions for Americans, including annuities. This year the two day event is filled with information for leaders and speakers, including the contribution of the book Freakonomics, presenting trends in baby boomers and expenditure, the former U.S. Senator John Sununu stressing Federal reforms planned under the new administration, and James Galbraith address the effect of the economic crisis on retirees and near retirees, social security and its role in the recovery.
To see the full results of the investigation NAVA visit: http://www.navanet.org/pressroom. For more information on Marketing Conference 2009 visit: http://www.navanet.org/conferences.
About NAVA, Inc. - NAVA, the Association for Insured Retirement Solutions (R) is a non-profit trade association located in suburban Washington DC NAVA provides a variety of services to the industry, including educational forums, research and conferences aimed at promoting the development and understanding of fixed and variable annuities, income annuities and variable life insurance.
Visit the Newsroom NAVA: http://www.navanet.org/pressroom
Media Contacts
Kathleen Driscoll McKee
NAVA
703.707.8830 ext. 17
kmckee@navanet.org
Elizabeth Walker
IMRE
856-988-0170
elizabethw@imre.com
SOURCE NAVA, the Association for pension insurance solutions
CONTACT: Kathleen Driscoll McKee of NAVA, +1-703-707-8830 ext. 17, kmckee@navanet.org or Elizabeth Walker of IMRE to NAVA, +1-856-988-0170, elizabethw@imre.com
Copyright © 2009 PR Newswire More than half of respondents said that their customers will have to work longer and delay retirement plans RESTON, VA, Feb.
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