Annuities can be immediate or deferred - they can be fixed or variable. They can be single life, joint life or period certain.
Interest rates are still very low. So low that retirees are being starved of income.
Solomon pledged to enforce the investment bank’s “Saturday rule,” which forbids managers from forcing junior bankers to work on Saturdays.
A fresh spike in Treasury yields will rattle markets and could send more family offices and hedge funds down a similar path to Bill Hwang.