Volcker’s Minsky Moment

“The banks shouldn’t be running casinos on the side,” said former Fed chairman Paul Volcker at the Hyman P. Minsky Conference in New York last week.

Annuity Products That Will Sell

At LIMRA's 2010 Retirement Industry Conference, consultant Timothy Pfeifer identified the deferred and immediate products that he thinks are ideal for insurers, distributors and investors today.

Eating the Competition’s Lunch

MetLife’s Retirewise program offers hundreds of brown-bag seminars, like the one depicted in this ad, for 401(k) participants at firms where MetLife isn’t the provider.
Featured

Off-Track Bettors

"It should be noncontroversial that we can’t afford any more innovation on Wall Street," says the author of several books on the financial system.

How Big Is the Gap in Public Pensions?

Depending on the rate one uses to discount future obligations, state and local government pension plans face a funding shortfall in the wide range from $1 trillion to $3 trillion.
News

What the ABACUS 2007-AC1 Offering Circular Says

In the Offering Circular for the CDO at the heart of the SEC lawsuit against Goldman Sachs, the investment bank disclaims any fiduciary responsibility toward other parties in the transaction.

RIIA Weighs In on In-Plan Income Options

Lifetime income options should be offered by all defined contribution plans, but they shouldn't be mandated elections for all participants, RIIA says.