Introduction Billions of dollars in U.S. Retirement plans are in fixed annuities in 401(k) and 403(b), pension risk transfer annuities in Defined Benefit pensions, and other annuity and insurance products. The modern annuity business under U.S. life insurers is far removed from the stable, conservative guarantees many plan fiduciaries assume. A growing body of evidence … Continue reading Why Offshore Structures and Weak State Regulation Make Most Annuities ERISA “Prohibited Transactions”