Meanwhile, the government has been working on its own national annuity scheme.

ECONOMIST: Taiwan

Founder Anthony March, who also runs the National Private Annuity Trust, says he's got a legal way to make the installment payments largely tax free: The seller transfers the asset to March's charitable "foundation" and gets back payments.

FORBES: Magazine Article

San Diego securities attorney Ronald Marron has filed a complaint over Morgan Stanley's variable annuity sales practices with the National Association of Securities Dealers.

FORBES: Morgan Stanley Subpoenaed Over Annuity Sales