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Cover Stories

Black Swan or Black Turkey?

by Kerry Pechter

Black Swan or Black Turkey?

Tue, Mar 09, 2010

The Great Recession is just the latest financial ‘black turkey,’ said the CFA Institute's Laurence B. Siegel at the Morningstar/Ibbotson conference in Orlando.

Which Way Out?

by Virginia M. Citrano

Which Way Out?

Wed, Mar 03, 2010

With the worst of the Crisis apparently over, Fed watchers are wondering about Chairman Bernanke's exit strategy from a low interest rate environment.

“Face-Off” at the IRI Marketing Conference

by Kerry Pechter

“Face-Off” at the IRI Marketing Conference

Thu, Feb 25, 2010

Annuity manufacturers and distributors went eyeball-to-eyeball at the Insured Retirement Institute's marketing conference in New York this week, where medical economist J.D. Kleinke (pictured here) was a featured speaker. Photo by IRI.

In League with the Angel of Death

by Kerry Pechter

In League with the Angel of Death

Wed, Feb 17, 2010

Lawsuits filed in Rhode Island, New York and Illinois shed light on the sinister, multi-million-dollar strategy of using the dying as fronts to exploit variable annuity loopholes.

News

Pension Funding Edged Higher in February

Wed, Mar 10, 2010

“We continue to see significant interest in liability driven investing (LDI) from plans looking to limit their exposure to volatility,” said Peter Austin of BNY Mellon Pension Services.

Stock Losses Won’t Hurt ‘Early Boomers’

Wed, Mar 10, 2010

Those who defer retirement to rebuild their savings may be far outnumbered by those forced to retire early by unemployment, according to National Bureau of Economic Research paper.

MetLife To Acquire ALICO for $15.5 Million

Wed, Mar 10, 2010

When the deal goes through, AIG is expected pay about $31.5 billion to the Federal Reserve Bank of New York, cutting its debt to the New York Fed to about $45 billion.

Pacific Life Creates “Retirement Solutions Division”

Wed, Mar 10, 2010

Among other things, the change reflects the recent transfer of Pac Life's structured settlements and retirement annuities business to the division.

Jackson Announces Record Sales, Profit in 2009

Wed, Mar 10, 2010

A unit of Britain's Prudential plc, Jackson National Life sold $10.0 billion in variable annuities during 2009, up from $6.5 billion in 2008.