Results from a survey taken Oct. 7 on the state of the economy and financial markets were released today.
The Association
for Insured Retirement Solutions surveyed more than 300 insurance professionals via instant electronic polling during its
annual meeting in Philadelphia.
Of those polled, 77 percent of the respondents reported that they planning to continue with their long-term plans, rather
than making significant near-term adjustments. Responses were mixed on the opinions of how the financial crisis will impact
consumer confidence over the next year.
“A central objective of NAVA’s annual meeting this year was to determine how to address deteriorating consumer confidence,”
said Cathy Weatherford, president and CEO of NAVA. “Rather than succumbing to fear and uncertainty, the majority said they
plan on maintain their long-term retirement planning strategies rather than reduce their market exposure, indicating the confidence
that the markets will eventually rebound.”
NAVA is a nonprofit trade association that provides educational forums, research and conferences aimed at furthering the
development and understanding of fixed and variable annuities; income annuities and variable life insurance.
During the annual NAVA meetings, insurance distributors and financial advisor organizations address industry issues and
ways to better serve the public. The company hosts an educational website for consumers at www.retireonyourterms.com. By Senior Market Advisor | Published October 7, 2008 From Senior Market Advisor
News Desk
Results from a survey taken Oct. 7 on the state of the economy and financial markets were released today.
The Association
for Insured Retirement Solutions surveyed more than 300 insurance professionals via instant electronic polling during its
annual meeting in Philadelphia.
Of those polled, 77 percent of the respondents reported that they planning to continue with their long-term plans, rather
than making significant near-term adjustments. Responses were mixed on the opinions of how the financial crisis will impact
consumer confidence over the next year.
“A central objective of NAVA’s annual meeting this year was to determine how to address deteriorating consumer confidence,”
said Cathy Weatherford, president and CEO of NAVA. “Rather than succumbing to fear and uncertainty, the majority said they
plan on maintain their long-term retirement planning strategies rather than reduce their market exposure, indicating the confidence
that the markets will eventually rebound.”
NAVA is a nonprofit trade association that provides educational forums, research and conferences aimed at furthering the
development and understanding of fixed and variable annuities; income annuities and variable life insurance.
During the annual NAVA meetings, insurance distributors and financial advisor organizations address industry issues and
ways to better serve the public. The company hosts an educational website for consumers at www.retireonyourterms.com.
