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Cover Stories

The Goldman Touch

by Edward Jay Epstein

The Goldman Touch

Wed, Apr 28, 2010

The complex deal at the heart of the SEC’s case against Goldman Sachs may reveal Wall Street to be a labyrinth or casino, but it doesn’t necessarily establish fraud.

Volcker’s Minsky Moment

by Kerry Pechter

Volcker’s Minsky Moment

Wed, Apr 21, 2010

“The banks shouldn’t be running casinos on the side,” said former Fed chairman Paul Volcker at the Hyman P. Minsky Conference in New York last week.

Annuity Products That Will Sell

by Kerry Pechter

Annuity Products That Will Sell

Wed, Apr 14, 2010

At LIMRA's 2010 Retirement Industry Conference, consultant Timothy Pfeifer identified the deferred and immediate products that he thinks are ideal for insurers, distributors and investors today.

Turning Home Equity into Lifetime Income

by Joseph A. Tomlinson, CFP

Turning Home Equity into Lifetime Income

Tue, Apr 06, 2010

A financial planner compares and contrasts three ways to create monthly income for life from a typical reverse mortgage.

News

AIG Mending, But Still Dependent, GAO Says

Wed, Apr 28, 2010

"The sustainability of any positive trends in AIG's operations depends on how well it manages its business in this current economic environment," said a new GAO report.

Wells Fargo Tops Bank Annuity Fee Chart

Wed, Apr 28, 2010

Wells Fargo & Co. accounted for $678 million, or almost 26%, of bank annuity fee income in 2009, thanks to its acquisition of the perennial leader in bank annuity sales, Wachovia Bank.

New Stable Value Unit at New York Life Investments

Wed, Apr 28, 2010

Aruna Hobbs, who joined New York Life in November 2009 from AEGON Insurance, will lead the new unit.

Financial Reform Bill Blocked, But Derivative Bill Proceeds

Wed, Apr 28, 2010

Under an Agriculture Committee-backed bill, insurers who use derivatives to hedge against interest rate risk would have to use standardized derivatives contracts listed on exchanges.

Vanguard Sees Institutional TDF Flows Triple in Five Years

Wed, Apr 28, 2010

Participants in Vanguard-administered plans put $21.4 billion into target-date funds in 2009, up from $680 million five years earlier.

Life Insurer Capital and Surplus Grew in 2009

Wed, Apr 28, 2010

“Robust equity markets” markedly improved earnings in both group and annuity operations.