CalPERS Gives Rating Agencies an FFF

In a new lawsuit, California's state pension fund blames the 'issuer pay system' at the top three rating agencies for part of its investment losses last year.

The Five Most Important Retirement Income Decisions

'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'

A Closer Look at CLOs (and Other U.S. Credit)

Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.

She’s Got Advice for Life Insurers

'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
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Martin Weiss on the CalPERS Suit

There have been 'egregious manipulations and conflicts of interest that go beyond what is generally known,' Weiss told RIJ.
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Insecurity Grows Among Retirees

LIMRA's survey shows an increase in the numbers of retirees who feel they need a personal financial advisor.

Crisis Investigators Appointed

Brooksley Born, who warned about the impending crisis while head of the Commodities Futures Trading Commission, is among the sleuths.