Goldman Touches the FIA Market

A Bermuda domicile is just one of Global Atlantic Financial Group's competitive edges. Last week, the former Goldman Sachs Reinsurance Group added Forethought, which markets variable, fixed and fixed indexed annuities, to its stable of insurance businesses, which includes Commonwealth Annuity.

Annuities and the Charles Schwab Deal

Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.

Marshmallows and Social Security

Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
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Shedding Light on Shadow Reinsurance

New research from the London Business School and Federal Reserve Bank of Minneapolis adds detail to the use of "shadow reinsurance" by life insurers, a practice that frees up reserves but reduces transparency and may drive up risk.
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International Paper settles 401(k) fee case for $30 million

In addition to the payment of $30 million, the settlement requires International Paper’s 401(k) plans to be monitored for four years and requires the company to put its recordkeeping out for bids, the release added.

Inflation or deflation? It’s a toss-up

It's hard to say whether the combination of aging populations, low interest rates and high government debt will lead to deflation or inflation, says AXA Investment Managers. But in the short term they recommend a higher equity allocation, according to a report at IPE.com.

Don’t underestimate the (well-educated) older worker, economist says

The old folks are alright. Older workers (60-74) evidently won't dilute the nation's productivity by staying in the labor force, says a Brookings Institution economist, because only the most productive older workers hang in there. In fact, well-educated older workers have never had it so good.