LIMRA: Two-thirds of Non-Retired Americans Are Not Confident They Are Saving Enough For Retirement

2012 Retirement Industry Conference Helps Industry Leaders Address Growing Concern

WINDSOR, Conn., Feb. 27, 2012 — The 2012 Retirement Industry Conference, scheduled on April 25-27, in Orlando, Fla., will offer industry professionals of all disciplines cutting-edge market research, strategies and practical solutions to improve the odds of reaching consumers and helping them plan for retirement.

“Today’s economic and market uncertainties are exacerbating consumers’ struggles to adequately save and plan for retirement,” said Robert Baranoff, senior vice president, LIMRA member benefits. “Not surprisingly, LIMRA’s recent survey found that 67 percent of non-retired Americans are not confident that they will have enough money saved to last throughout their lifetime. This problem is going to grow as the number of retirees expands by 15 million, reaching 65 million by 2025. Many of these Americans will need help developing a retirement plan that addresses the various risks they may face. The Retirement Industry Conference brings together industry leaders and top practitioners to share their experience and knowledge, to help our members address these challenges and take advantage of opportunities in this dynamic and growing market.”

This year’s theme, “Rising to Today’s Challenges,” offers the very best in industry insights, solutions and strategies to industry professionals in all areas — from manufacturers, advisors and distributors to the industry’s top leaders. Attendees will learn about the most up-to-date, relevant research and discover best practices in management, operations and marketing, providing the most effective ways to achieve their business goals, both today and in the years ahead.

Kicking off the conference is keynote speaker, Stephen Pelletier, president, Prudential Annuities, who will provide his perspective on the current retirement landscape, examining the challenges and opportunities from the viewpoint of a market leader in the retirement industry. The conference also features Jeffrey Brown, professor of Finance in the College of Business at the University of Illinois, who will outline how economic uncertainty and a low-interest rate environment have created challenges for insurers offering retirement income products, and Dr. Charles Jeszeck, director, U.S. Government Accountability Office, who will speak about Americans’ retirement security and various policy options concerning retirement income. In addition to the general session speakers, the conference offers 22 workshops on annuity, retirement plans and retirement income topic.

The event, hosted by LIMRA, LOMA and the Society of Actuaries (SOA), attracts more than 500 retirement industry professionals from companies across the globe to gain insights on the latest industry developments and equip themselves with solutions to address the complex challenges they face every day.

LIMRA Contact:

Catherine Theroux, 860-285-7787, ctheroux@limra.com.

About LIMRA

LIMRA, a worldwide research, consulting and professional development organization, is the trusted source of industry knowledge, helping more than 850 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness. Visit LIMRA at www.limra.com.

About LOMA

Established in 1924, with 1,200 plus member companies in over 80 countries, LOMA is committed to a business partnership with its world-wide members in the insurance and financial services industry to improve their management and operations through quality employee development, research, information sharing, and related products and services. To find out more about LOMA and the learning opportunities it offers, visit LOMA’s Web site at www.loma.org.

About the Society of Actuaries

The Society of Actuaries is an educational, research and professional organization dedicated to serving the public, its members and its candidates. The SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. For information, visit www.soa.org.