The Day the Gold Standard Died: 50 Years On

On August 16, 1971, I was cashing an American Express travelers check in a small bank in Melun, France. The tellers were nervous. Something huge had clearly just occurred in the macroeconomy.

Honorable Mention

Ruark reports on VA/living benefit policyholder behavior; DPL and SS&C partner on new distribution platform; SIMON Markets doubles revenue, raises $100 million; Principal completes integration of Wells Fargo’s retirement business; New training available for retirement plan fiduciaries.
Quarterly reports

Six major life insurers report second quarter financials

Here are second quarter results from six publicly held life/annuity companies: AIG, American Equity Investment Life, Brighthouse Financial, Equitable Holdings, Lincoln Financial and MetLife.

Look to China for investment growth: Cerulli

Cerulli, the global research firm, expects Asia ex-Japan retirement funds to continue to lead in terms of growth, rising at a compound annual growth rate (CAGR) of 11.9% between 2020 and 2025.


August 5, 2021

Athene Takes Another Bite at Pensions Apple

In a pension risk transfer deal, Athene Holding will acquire about $4.9 bn in pension assets and liabilities from Lockheed Martin. But when do these deals become too much about investors and AUM and...
July 29, 2021

Research Roundup

We bring you summaries of two papers on the federal debt (and why low interest rates don't justify more of it), an essay on why Biden's infrastructure spending plan shouldn't need budget offsets, a...
July 22, 2021

How The Elephant in the Room Evolved

In a new research paper, "The Evolution from Life Insurance to Financial Engineering," economists Ralph Koijen of Chicago Booth School and Motohiro Yogo of Princeton continue to describe what is arguably the 'elephant in...