In this study, FRC paints a detailed portrait of the retirement income marketplace. The study presents empirical analysis of retiree income/asset drawdown patterns and uses this data to derive estimated market size and projections. In addition, FRC outlines the diversity of organizational, offering, and distribution strategies planned for a still-nascent market poised for a flurry on innovation, and, eventually, significant future growth. The study follows FRC's Retirement Income Business Development Process flowchart.


FRC conducted extensive executive interviews and a detailed survey, which was completed by 30 managers from leading industry firms, whose divisions include 20 asset managers with $6.2 trillion in AUMs, seven insurance companies with 23% marketshare in variable annuity total sales, 9 recordkeepers with $1.4 trillion in recordkept plan assets, and 12 retail distributors with $5.6 in custodied assets and over $1.0 trillion in bank deposits. In addition, findings from this research track industry development by benchmarking them with the findings from our 2005 study Retirement Income Products & Solutions, as well as FRC's body of investor research on PowerBoomers and RealRetirees. The result is a comprehensive picture of how the industry is planning to respond to this monumental opportunity.

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