Description: The article is a summary of Session 9PD at the Society of Actuaries annual meeting in New Orleans in October 2001. Terminal funding the purchase of annuities by pension plans usually at plan termination and stable value GIC's became major product lines in the 1980's. This article describes the changes in the those products, the markets and regulatory environment.

Description: This session from the 1995 SOA Boston Meeting reviews one and five year returns in the stock and bond markets, fund expenses for retail funds versus insurance dedicated funds, revenue sharing arrangements between mutual funds and insurance companies, the suitability of a variable annuity, recent developments with the SEC and NASD and how arrangements are structured between insurance companies and investment companies. From the Record of the Society of Actuaries, Vol. 21, No. 4b.