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Article: US Financial Services Industry Must Retool for Retirement Boom.
- Article from:
- Business Wire
- Article date:
- September 25, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Innovation required as retirees shift from asset accumulation to "dissaving"
New study by Oliver Wyman outlines challenge and opportunity for financial industry
NEW YORK -- The financial services industry in the U.S. is not keeping up with the changing needs of the 76 million people approaching retirement. According to a report by financial industry consultants Oliver Wyman, providers need to shift their focus from helping Baby Boomers accumulate assets to enabling them to draw down assets and generate income from their assets.
The report, "The New Retirement Landscape: Reaping the Rewards," outlines how financial services providers need to ...