Financial Crisis

Is Greece a Harbinger?

Submitted by Anonymous on Sun, 05/02/2010 - 13:09

Could the recent events in Greece prove to be a harbinger for other countries that pursue grossly irresponsible and unsustainable spending paths?

Portugal and Spain seem to be at risk.

Where and when does it stop?

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Financial Crisis

Hartford Financial Services Pays Back TARP Funds and Realigns Business

The Hartford Financial Services Group recently repaid the $3.4 billion in federal aid (TARP funds) it received during the financial crisis. The company also suggested that it will avoid any business, product line and risk concentration in the future. Hartford suffered from heavy exposure to the variable annuity business. The company will now operate with three broad business units: consumer markets; commercial markets, and; wealth management . Source: Investment Advisor Full Story

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The Opportunity of a Lifetime for Life Insurers

There currently exists what would appear to be a once in a lifetime opportunity for life insurance companies who are essentially the manufacturers of asset decumulation products such as annuities.

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Lessons from the Financial Crisis

Submitted by tom on Tue, 02/23/2010 - 10:46

Boston University Professor Laurence Kotlikoff is full of interesting ideas on a range of topics--including personal finance and retirement planning.

A recent piece of his provides a good overview of the factors that contributed to the financial crisis.

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Annuitization Continues to be a Focus of Obama Administration

The Obama Administration continues to make annuities and other potential sources a guaranteed income a policy priority. As described in a recent Bloomberg article, much of the concern seems to be related to the retirement plan damage caused by the financial crisis. While recently recovered, average 401k balances took a major hit in 2008 and early 2009. Bloomberg reports that the U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the...

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