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.
'The expansion is more likely than not still self-sustaining—even if the pace of recovery is slower than we might like prefer. Market participants focus on that narrative,' writes our guest columnist, an economist at the University of Oregon.
The latest crop of research includes a CBO report on U.S. income distribution, a look at the low usage of reverse mortgages, a study of the effect of accumulation guarantees in German IRAs, and an assessment of the safety-net of 'swap lines' that holds the global financial system together.
The famed Canadian adviser-of-advisers and author, now retired, has released his latest and last book, 'Advanced Retirement Income Planning.' It's a concise version of his magnum opus, 'Unveiling the Retirement Myth.'
SEC commissioners disagree over ‘finders’ exemption; New clients bring $148 billion to Fidelity in 2020; COVID-19 impact on long-term care insurance documented; Rate drought, bull market buffet private pensions: Milliman; Allianz Life enhances services for RIAs; NAIC picks Conning to provide data for calculating reserves.