Francois Gadenne, chairman of the Board
and executive director of RIIA
DTCC and the Retirement Income Industry Association (RIIA) signed an agreement under which DTCC will provide certain information from its Insurance & Retirement Service’s (I&RS) new online Analytic Reporting for Annuities service, which RIIA will distribute to its members.
RIIA’s Research Committee will work with its members to define custom views of the information from the Analytic Reporting service, such as reports that include inflows, outflows and net flows by product, state and trading relationship. The information will help RIIA members understand their place in the market and competitive landscape.
“RIIA’s vision is to benchmark and evaluate retirement products and services across product silos. We view DTCC’s Analytic Reporting Service as a breakthrough program and an important step in the fulfillment of that vision,” said François Gadenne, chairman of the Board and executive director of RIIA. “Our agreement to work together has immediate benefits and even greater long-term potential to achieve the strategic objectives of both of our organizations.”
Analytic Reporting for Annuities is an online information solution containing aggregated data from millions of daily transactions processed by DTCC’s I&RS. It is a service offering of National Securities Clearing Corporation (NSCC), a DTCC subsidiary.
The solution gives NSCC members a unique view of their own business and business relationships, as well as the overall market for annuity products.
“We are very excited to be working with RIIA,” said Adam Bryan, DTCC managing director and general manager, I&RS. “Our Analytic Reporting Service helps firms manage and grow their businesses, and RIIA’s expertise in retirement income market will provide great additional value to the industry.”
More on RIIA
Founded in 2006 by leading companies, advisors and academics, RIIA and its members address the challenges facing the dramatically changing retirement income landscape.
RIIA’s mission as a national not-for-profit organization is to bring the retirement income industry together to stimulate the development of the education, products, processes and advisory services Americans and their advisors need to create a secure retirement. @
[For more information on Analytic Reporting for Annuities, go to www.dtcc.com/analytics.]