The Reverse Mortgage Puzzle, Part II

Last week we focused on the HECM product, and how it became less generous after the financial crisis. This week we examine the role of the banks—large ones and smaller ones—and their roles (or former roles) in the distribution of HECMs.

The Alt-Asset Teams that Reinvent Annuity Companies

'Insurance Solutions' groups use private assets to boost the returns of life/annuity company investment portfolios. RIJ talks with Todd Fonner of Investcorp Insurance Solutions about this trend.

One Life Insurer’s Pivot to Private Assets

American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.

NAIC Eyes ‘Bermuda Triangle’ Strategy

A document from the NAIC's Financial Stability Task Force reflects the concerns that the NAIC has heard from a variety of sources about the increased ownership of life insurers by private equity firms. (Image from NAIC document.)
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What’s Wrong with Negative Rates

'If central banks continue to use the wrong models, they will continue to do the wrong thing,' writes the Nobel Prize-winning economist.

An Overview of the Fiduciary Rule

The ERISA attorney at the firm of Drinker Biddle & Reath believes that 'broker-dealers will be affected the most by new DOL rule. Insurance companies will also need to make changes. Most RIAs will only need to adjust to the new rules regarding recommendations of distributions and rollovers from plans and withdrawals and transfers of IRAs.'
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Honorable Mention

Brief or late-breaking items from Millennium Trust, AARP, The American College, Allianz Life and the Teamsters Union.