Alex Rajbhandari

Alex Rajbhandari, a Bloomberg reporter specializing in the U.S. insurance sector, joins Tom Schoenberg, who covers financial regulation. They delve into how private equity has taken control of life insurers, shifting retirement savings into high-risk investments managed offshore. The discussion highlights the alarming trends in pension conversions, the lack of protections for retirees, and potential systemic risks posed by opaque financial practices. Their insights reveal the precarious future for American retirees amidst evolving regulatory landscapes and legal battles.