NEW YORK - Financial advisers and brokers need to partner with carriers, Congress and regulators to provide appropriately tailored retirement solutions, inclusive of annuities, for the nation's 77 million Boomers.
Mark J. Mackey, president and chief executive officer of the National Association for Variable Annuities, Reston, Va., made this these opening remark at NAVA's annual annuity seminar here last month. Joining Mackey in stating the case for annuities' role in retirement planning were Glenn Schafer, vice chairman, PacificLife, Newport Beach, Calif., and Timothy C. Pfeifer, principal and actuary with Milliman USA, Chicago. (Congressman Jim McCrery (R-La.), chairman of the House Ways and Means subcommittee on Social Security, was scheduled to appear but was called into a committee meeting.)