Wrapper Products

Switzerland Threatens Tax Cheats Using ‘Wrappers’ (Update1) – Bloomberg.com

When a client buys a wrapper, the beneficial ownership of the assets is transferred to the insurer while the funds often remain on the balance sheet of private banks. Insurers invest the premiums through advisers and clients receive benefits tied to the performance of the underlying investment. Taxes are minimized or deferred because life insurance policies are classified as non-income producing assets.

The Generational Gap Goes Global

Facing Up to the Demographic Dilemma

This is a thought provoking article on the challenges and opportunities aging populations present to businesses.  Under Article Tools you can click the PDF button for a reprint rather than page through multiple web pages.  It still fascinates me to watch businesses in the US shed competent people of all ages while ignoring future workforce and critical skills needs.

ASTD Report – New Factors Compound the Growing Skills Shortage

February 2010 Bridging Skills Gap – Free – ASTD

Click on the link above and you’ll be taken to the original source article for the statistics provided below.  The charts themselves came from a newsletter called Workforce Training.  The percentages in bold are my emphasis.  Scary statistics but fixable.

Did I mention we conduct skills gap analysis and custom training to address the gaps?

SKILL GAPS
Seventy-nine percent of 1,179 companies surveyed by the American Society for Training & Development said they had a skill gap. The respondents listed their highest priority gaps as:
Skills of the current workforce do not match changes in company strategy, goals, markets or business models: 51%
Not enough bench strength in the company’s leadership ranks: 40%
Recent merger/acquisition where the organization brought in new employees or current employees are not up to speed on the new industry: 35
Training investments have been cut or there is lack of commitment by senior leaders to employee learning and development: 27
When hiring for certain types of jobs, there are too few qualified candidates (i.e., a gap in the pipeline): 25%
Lack of skilled talent in one or more of the company’s lines of business: 21%
Source: “Bridging the Skills Gap,” American Society for Training & Development, 2009
WHERE THE GAPS ARE
The same companies listed these as their greatest skill needs:
Leadership/executive level skills: 50%
Basic skills (traditional building blocks of business-level competencies): 46%
Professional or industry-specific skills: 41%
Managerial/supervisory skills: 31
Customer service skills: 31
Communication/interpersonal skills: 31
Technical/IT/systems skills: 30
Sales skills: 30
Process and project management skills: 20
Other: 43
Source: “Bridging the Skills Gap,” American Society for Training & Development, 2009

Another View of the War in Mexico

Business owners and investors!I’ll be in San Antonio for the annual AHOU meeting.

I’m looking forward to seeing how the city has changed since my last visit.

Who’s creating US jobs? Mexicans. / The Christian Science Monitor – CSMonitor.com

“In fiscal year 2008, the US issued E-1 and E-2 visas to 1901 Mexicans and their families, nearly three times the level of a decade before. “

Where are all of these Mexican immigrant investors going? San Antonio!

Lehman Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report

Examiner’s Report – Lehman Brothers Holdings Inc. Chapter 11 Proceedings

The Lehman Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report can accessed through the link above.

While not exactly insurance or underwriting related I’m posting a link as a public service for readers who may be interested in downloading and reading some, or all, of this report.

Remote Work – Who Are Those Guys?

What are the Top 10 nations for online workers? / The Christian Science Monitor – CSMonitor.com

And the fastest-growing major economy for freelance work?

The United States. “We’re seeing a huge number of Americans come online,” says Brian Goler, vice president of marketing for oDesk. “More and more people are working this way.”

Perhaps they have to because of the economic downturn. Perhaps they want to.