The stable value industry’s own trade association inadvertently exposes the structural problem with general-account fixed annuities in retirement plans.  I agree that these lawsuits against low-risk diversified synthetic-based stable value are baseless and harmful. In recent amicus briefs filed in federal ERISA litigation, the Stable Value Investment Association (SVIA) explains that stable value products fall … Continue reading Stable Value Industry Admits Synthetic Funds Are Safer — and Why That Makes General Account Annuities a Prohibited Transaction