PRIP 3 Chpt 2 (2022)

PROTECTED RETIREMENT INCOME AND PLANNING STUDY

In partnership with CANNEX, North America’s leading provider of pricing, data, and annuities product research, the Alliance released the second cut of the third installment of the Protected Retirement Income and Planning (PRIP) Study, a joint research effort focused on both investors and financial professionals, designed to better understand and forecast retirement income trends.

The latest PRIP Study found that in the face of a potential recession coupled with the lingering effects of the pandemic, Americans are seeking retirement income protection.

This second cut of the third installment comes after PRIP 3.0 published in July 2022, which provided insights into perceptions of annuities in retirement planning and the concerns of investors and financial professionals in the current market environment. The third installment followed PRIP 2.0 published in December 2021, which found that investors who were asked to build their own hypothetical $1 million retirement portfolio, said annuities and other income-producing assets were the most favored. The inaugural study published in June 2021, found investors eager for financial protection amid a challenging fixed-income environment and the declining prevalence of private sector pensions. The PRIP studies are an outgrowth of the Protected Lifetime Income Study, an annual, Census-balanced survey of U.S. adults the Alliance sponsored in 2018 and 2020 to gauge consumers’ attitudes and behaviors around retirement-income planning.