Insurance companies are under weak, captive state regulation, which allows them to hide excessive risks and fees behind contracts with little to no meaningful disclosure. Fiduciaries under ERISA, however, are required to know the risks and fees in any investment before committing participant assets, and to monitor those risks on an ongoing basis. One-sided, secretive … Continue reading Annuity Risks and Hidden Fees: Dangerous to Ignore, Difficult to Measure Damages