Rowan declares this the golden age of annuities given the money flowing into retirement services.
“Amazing amount of money flowing into retirement services, particularly annuities. I would say the golden age of annuities,”
Rowan says institutional investors prefer locking in 5% tax-free returns after a decade of low rates.
“They prefer 5% to 2%. It's no more we can make it really complicated, but when they're they've had a decade of very low ability to provide for retirement income, all of a sudden, can lock in 5% plus tax free for the next decade.”