Introduction For decades, insurers have promoted annuities as “safe” retirement products—whether offered inside 401(k) plans, 403(b) plans, or used in large pension risk transfer (PRT) deals. But recent developments suggest insurers themselves are eroding the transparency and prudence standards that fiduciaries must meet under ERISA. By lobbying for secrecy, suppressing solvency disclosures, and hiding their … Continue reading How Insurers Are Making Their Own Annuities More Likely to Be Prohibited Transactions