Another great Brookings talk today with Mark Iwry, Bill Gale, Olivia Mitchell & Fiona Greig discussing Secure Act 3.0 and how to increase the availability of retirement income options.
Uploading this clip because if our ears didn't deceive us, Mark Iwry described Tontines as a 'gateway drug' to lead people to better retirement outcomes.
We take this as a complement because I have been saying for years that the insurance industry will likely benefit from a resurgence of interest in lifetime income products once simple-to-understand Tontines are available to ignite the imagination of US savers.
We still expect attacks from captured elements of the media once we launch in the coming months but one day the annuity incumbents may realize that we did them a favor.
