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DoL Gives Guidance on Annuities as Retirement Plan Default Options

Saturday, Jan 07 2017

Retirement

Written by PFA News

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In a recent letter, the Department of Labor is advising the financial industry that target date funds offered as annuities can be used as qualified default investment options in retirement plans. So reports ThinkAdvisor.

The department issued the letter in response to a request by TIAA, which has a product that invests a portion of retirement participants’ assets in an annuity sleeve.

Read the full article from ThinkAdvisor.

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