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...companies like life insurers that sell annuities within tax-deferred, retirement accounts such as 401(k)s or IRAs aren't offering added value, just added profits. Bring on the lawyers. Insurance companies "shouldn't be marketing deferred annuities for placement in retirement plans," says Michael Spencer, partner at Milberg Weiss Bershad Hynes & Lerach, which has filed class actions against four big annuity sellers. "The consumer ends up paying substantially higher fees than if they bought a nonannuity investment...

Author: /time Magazine | Title: In Brief: Nov. 22, 1999 | 11/22/1999 | See Source »

Administration: Helga Halaki, Barbara Milberg...

Author: /time Magazine | Title: Time Magazine Masthead | 12/26/1994 | See Source »

Administration: Helga Halaki, Barbara Milberg...

Author: /time Magazine | Title: Time Magazine Masthead | 12/5/1994 | See Source »

Administration: Helga Halaki, Barbara Milberg...

Author: /time Magazine | Title: Time Magazine Masthead | 11/21/1994 | See Source »

Administration: Helga Halaki, Barbara Milberg...

Author: /time Magazine | Title: Time Magazine Masthead | 11/7/1994 | See Source »

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