The offshoring of America's retirement savings

Life insurance, annuities, and pensions have been one of America's most sacred promises for generations. You pay your premiums, put your time in the job, and in return, your family is protected. But over the past decade, the playbook behind that promise has been quietly rewritten. Private equity firms drawn by the trillions that American have tucked away in life insurance and annuities have taken over a growing share of the industry. Instead of investing in mundane bones and blue jeep stocks, they've used t ...