Traitor VIX

Volatility is the most treacherous risk for VA issuers, and complex hedging strategies are the answer. That’s the view from the Equity-Based Insurance Guarantees conference in Chicago this week.

Wells Fargo’s New Annuity Wagon

Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
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Experts with Unrealistic Expectations

“We urge you to work together to reach a bipartisan agreement to avoid the fiscal cliff and take concrete steps to restore the United States’ long-term fiscal footing,” the CEOs of the largest U.S. financial services companies wrote to the president and Congress last month.

A Man Without a Plan

Obama’s chief economic adviser is Gene Sperling, head of the National Economic Council. Unlike the typical academic economist, Sperling concentrates on practical things that might lift the economy, writes Shiller, the well-known Yale economist.
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“Quote” of the Week

"Although reducing the fiscal tightening scheduled to occur next year would boost output and employment in the short run, doing so without imposing a comparable amount of additional tightening in future years would reduce the nation’s output and income in the longer run"--Congressional Budget Office, November 2012.