BlackRock is going big into the annuity business with Microsoft to create a 21st century defined benefit pension system

BlackRock is going big into the annuity business with Microsoft to create a 21st century defined benefit pension system

The grand plumbing and insurance scheme by the $6T New York manager and the Seattle-based world’s richest firm starts with the firm’s CEOs and addresses their mutual existential threat — Amazon

Brooke’s Note: There is a fine line to draw between a drop-dead paradigm shifting move and ill-advised pie in the sky — especially when it’s born of a CEO-to-CEO meeting of two market leaders in two industries. This plan by BlackRock to jump the line to the investor desktop with the help of the desktop itself in Microsoft and give the people what they want — guaranteed income […]

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