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.

Drama in Des Moines

Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for American Equity, and makes it a 'Bermuda Triangle' player. Photo: AEL headquarters in Des Moines.

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.
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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.