Product innovation in solving for longevity risk has largely failed to achieve mass adviser or client adoption, yet the retirement income challenge continues to grow. This session will examine whether traditional portfolio construction can genuinely meet the income needs of retirees, or whether life insurer or other balance sheet underwriting is really needed to ensure standard of living for retirees. It will consider whether a possible extension of the Retirement Income Covenant to the advice channel would change the terms of the debate.
