RetiremEntrepreneur: Lou Harvey
Louis S. Harvey is president and CEO of Dalbar, Inc., a Boston-based research firm that performs a variety of evaluations and quality ratings of financial services practices and communications.
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.)
Featured
The Long Short Run
In the world as it is, we are all Japan in the early 1990’s, looking ahead to two or more decades of lost economic growth, observes the economist at U-C Berkeley.
PacLife launches fixed annuity with GLWB and roll-up
The product, which may be unprecedented, merges the most popular annuity options with the most basic annuity chassis. It’s a little like opting for heated leather seats, turbo and a Pandora radio link in a Hyundai Accent.
News
Five fat years may be followed by five lean ones: T. Rowe Price
“The U.S. bull market is aging,” said Bill Stromberg, T. Rowe Price’s head of equity. “International investments, especially in emerging markets, represent the best long-term value from here in fixed income and equity.”
Aegon reduces longevity risk exposure in Netherlands
The risk is assumed by third-party investors and reinsurers, including SCOR, a €32.6 billion reinsurer operating in 31 countries.
Managed-vol funds added to JeffNat’s Monument Advisor VA
The new managed-vol funds include three from American Funds that use the Milliman risk management technique, along with the Federated Managed Tail Risk Fund II and the Goldman Sachs Variable Insurance Trust Global Markets Navigator Fund.
Colorado “trader” charged with duping retirees in $4 million Ponzi scheme
Gary Snisky is charged with telling elderly investors that he would invest their money in government-backed agency bonds. Instead, he used $2.8 million of investor funds to pay his salesmen and to make mortgage payments on his own home, the SEC said.
Unions balk at proposal to cut Illinois pension benefits
Chicago's glittering downtown may be stunning, but the Illinois state pension system is underfunded by an estimated $100 billion and the state has the worst credit rating in the nation.
