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    • Opinion How did so many Americans’ retirement money end up in Bermuda?

    April 16, 2024 by Mary Williams Walsh

    Without meaning to, the world’s soccer fans and sportswriters have opened a window into the secretive but influential world of Bermuda reinsurance. Just a glimpse is enough to raise concerns about the retirement security of millions of Americans.

    We’re talking here about people who have either earned a defined-benefit pension at work or bought an annuity from a life insurer. No one ever asked them whether they would like to have their nest eggs moved offshore, or leveraged, or put in the hands of a non-U.S. regulator.

    Click HERE to read the op-ed at The Washington Post

    Wink’s Moore on the Market: The annuity profession does not need news like this! -sjm

    Originally Posted at The Washington Post on April 12, 2024 by Mary Williams Walsh.

    Categories: Industry Articles
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