The October 2025 Bank for International Settlements (BIS) report, ‘The Transformation of the Life Insurance Industry: Systemic Risks and Policy Challenges,’ provides authoritative evidence that strengthens the arguments made in my recent article on Commonsense401kProject regarding offshore private credit causing increased risk in retirement products backed by Insurance Company General Accounts. The findings demonstrate how … Continue reading Offshore Private Credit creates ERISA Prohibited Transaction Risks for Life Insurance Products: New Evidence from BIS