Australia’s ‘Super’ Gets a Presidential Shout-Out

By Kerry Pechter
Australia's mandatory defined contribution retirement savings system is "a 'good' system that has 'worked out well' for Australia, the president said from the Roosevelt Room. Mr. Trump is flanked by House Speaker Mike Johnson (left) and billionaire Michael Dell, a donor to 'Trump Accounts.'
Anecdotal Evidence

Private Credit Anxiety and the Bermuda Triangle

By Kerry Pechter
The share prices of Apollo, KKR, and F&G Annuities & Life have fallen significantly over the past 14 months. Are investors skittish about their exposure to private credit? Or do they worry about the 'capital-light,' high-leverage Bermuda Triangle strategy of these asset managers and life insurers? (Let's not even talk about the wars.)

What America pays for health care in retirement: Healthview

By Editorial Staff
The more you earn in retirement and the longer you live, the more you'll pay in health costs in your old age, according to Healthview, a company that tracks such numbers. The IRMAA surcharge seems to be Uncle Sam's way of identifying rich retirees.
Guest Column

Who Really Owns Your Investments?

By David Macchia
The well-known retirement industry entrepreneur urges advisers to understand "UCC Article 8," the vulnerability of the claims we think we have on our investments, and the wisdom of diversifying ownership of retirement assets across more than one legal structure.

News from the Bermuda Triangle

By Editorial Staff
Kuvare distances itself from Blue Owl; Cayman covets Bermuda’s reinsurance success; Rithm Capital buys CL Life and Crestline Management to enter Bermuda Triangle; Teachers’ unions ask SEC to probe Apollo over Epstein contacts.

Bulletin Board

By Editorial Staff
News briefs on settlement of Busch-Pacific Life lawsuit, a personnel shake-up at DOL; the state of the pension risk transfers market; Pacific Life's longevity swap in Europe; alliance formed between Investment Company Institute and Defined Contribution Alternatives Association; Symetra enhances FIA features.

COVER STORIES YOU MAY HAVE MISSED

February 2026

Kyle Busch’s Crash Course in IUL

By Kerry Pechter
An indexed universal life policy demands about as little maintenance as an eight-cylinder, 750-horsepower, 200-mph NASCAR stock car. And in the hands of an unskilled, or untrustworthy driver, or pit crew, such a policy...
January 2026

Dutch Pensions Go Collective

By Kerry Pechter
Today’s financial Goldilocks moment—with strong equity returns and robust fixed income yields—creates favorable conditions for the Netherlands to complete its long-planned switch from traditional private defined benefit plans to 'collective defined contribution.' 'You...
December 2025

Research Roundup

By Editorial Staff
We feature two deep-dive research papers on private credit. One is from Victoria Ivashina of Harvard Business School and the other from a team that includes Amir Sufi, co-author of "House of Debt" (U....