by Structured Settlement Watchdog
John Darer reviews Secondary Market “Annuities”
The tertiary market for structured settlement receivables
This may be of interest to:
- Structured settlement investors are individual retail investors who have invested in, or been advised to invest in, other people’s structured settlement payments. They purchase these receivables at a discount, either directly or through an assignment of payment rights from the originating structured settlement factoring company.
- Investors who have been advised to cash in other annuities, thrift savings plans or other pensions to buy other people’s structured settlement payments having been told they were annuities.
- Fiduciaries, whether individuals or institutional who are evaluating opportunities pitched by financial advisors or settlement planners who have placed or are considering placing clients into factored structured settlement payment streams, or factored payment streams of any kind.
- Judges, surrogates and guardian ad litem who may encounter such investments proposed in a settlement plan, investment proposal or other sales pitch by a financial adviser, settlement planner
- Directors of State Life Insurance Guaranty Associations and members of NOLHGA,
- The Consumer Financial Protection Board and Russell Vought (updated)
- Mainstream news media.