chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
It appears to me that we have entered into an age of a lot of financial product and service innovation that is focus and targeted at the end consumer. Look at the structure products markets.
Traditional Investment services companies are about providing products and the investor takes all the risk.
Traditional Insurance companies are about managing risk. It seems that many of them are beginning to try to position their core competencies to provide products and services for Asset Accumulation to build a personal pension and to helping with providing an income when one retires.
My question is related to the retirement scenario. What type of product (probably of an Annuity variety) would you need to entice you to buy an annuity. What would the features be. Obviously one factor would be that it would need to be competitively priced to compete with substitute solutions. In other words, what risks would the product need to take care of for you? Longevity is one common risk. Inflation is another. Minimizing losses if the markets go bad is another.
Aside from the cost of the product, is the loss of the assets when one dies the remaining aversion to those products?
What kind of risks do you want to avoid? and How much are you willing to pay for it?
Traditional Investment services companies are about providing products and the investor takes all the risk.
Traditional Insurance companies are about managing risk. It seems that many of them are beginning to try to position their core competencies to provide products and services for Asset Accumulation to build a personal pension and to helping with providing an income when one retires.
My question is related to the retirement scenario. What type of product (probably of an Annuity variety) would you need to entice you to buy an annuity. What would the features be. Obviously one factor would be that it would need to be competitively priced to compete with substitute solutions. In other words, what risks would the product need to take care of for you? Longevity is one common risk. Inflation is another. Minimizing losses if the markets go bad is another.
Aside from the cost of the product, is the loss of the assets when one dies the remaining aversion to those products?
What kind of risks do you want to avoid? and How much are you willing to pay for it?