Maybe I should call this article “the product that saw the light of day, after a long sleep.” Barron’s had an article last week, “Top 50 Annuities.” Guess what? Almost all of the annuities they featured were stripped down and low cost. That’s the way things should be. If you have time and interest, read the article; it’s a good thing. Also note at the end the skepticism of investment managers, particularly hedge funds running insurers. The skepticism is deserved.
That’s all. A rare short piece.