IRI Insight – Winter 2016-17

The Department of Labor’s fiduciary rule, evolving needs of consumers, and the digital revolution are several important dynamics that will bring about massive changes to the way advisors serve their clients. This period of change is already underway. During the Insured Retirement Institute’s recent annual meeting, industry executives — including Robert DeChellis of Allianz Life Financial Service LLC, Benjamin Huneke of Morgan Stanley Wealth Management, Carolyn Johnson of Voya Financial, and George Riedel of T. Rowe Price — discussed this change and the future of advice. The prevailing consensus is that retirement planning conversations need to become broader, deeper and more holistic than ever before. 

Also in the winter issue of the IRI Insight:

  • The elements of a holistic retirement plan. To help more advisors embrace a holistic approach, Tim Buckeridge of Franklin Templeton, Graham Day of AXA Distributors LLC, and Dylan Huang of New York Life outline the essential parts of any holistic retirement plan. 
  • Retirement by the numbers 2017. This is a snapshot of key retirement planning figures —including contribution limits, tax rates and Medicare premiums — impacting retirees and savers in 2017.
  • ‘Tis the season for resolutions, including getting one’s financial house in order. In this feature, financial planning experts highlight several areas where advisors can engage their clients to help them organize their financial lives. 
  • Across the retirement income market, lifetime income manufacturers, distributors and financial professionals are preparing to operate under the Department of Labor’s fiduciary rule. With the initial compliance deadline looming, ERISA experts and market observers discuss the state of implementation efforts. 
  • Are your clients getting the message on longevity? John Kennedy, Senior Vice President and Head of Retirement Solutions Distribution for Lincoln Financial Distributors, provides tips to advisors to successfully address longevity and income planning with their clients. 

Click here to download the winter issue in PDF format or read below.