How Leveraged Are Bermuda Triangle Life Insurers?

By Kerry Pechter
The 'capital-light' strategies of Bermuda Triangle companies rely heavily on leverage. RIJ identifies several ways in which affiliated life insurers, asset managers and reinsurers use other people's money.

Pacific Life and Principal Add Payout Options to 401(k)s

By Kerry Pechter
The three 401(k) annuities described here differ in their pre-retirement crediting mechanisms, their flexibility for the owners, and in the scope of their guarantees. (This article includes current map of 401(k) income option universe, from DCIIA.)
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QLACs: The ‘Greek yogurt’ of Retirement Products?

By Kerry Pechter
Longevity annuities were the topic of a two-hour discussion at the Brookings Institution two weeks ago and of a RIIA/New York Life webinar this week. Having read the transcript of the first one and attended the second, I offer these highlights.

Going Dutch, with a DB-DC Hybrid

By Kerry Pechter
Can the use of "buffers" in collectively-managed defined contribution funds offer defined benefit-like income predictability? In the Netherlands, where pensions are a passion, a team of business, academic and governmental experts is recommending it.
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