An investor website is promising to give clients their first clear look under the hood of their brokerage accounts to see whether they are getting a good deal for the prices that they pay.
John Finlaison wrote an urgent letter to the chancellor of the British Exchequer, imploring the government to change the way it priced and sold life annuities to the public.
Why do most people love pensions but hate annuities? That, in essence, is the “annuitization puzzle” spoken of by Franco Modigliani, a Nobel laureate in economics.