TITLE

Embedded annuities return to the table

AUTHOR(S)
Steyer, Robert
PUB. DATE
November 2017
SOURCE
Pensions & Investments;11/13/2017, Vol. 45 Issue 23, p0003
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents a report from the U.S. Treasury Department on multiple financial, regulatory and legal issues in 2017. The report stated that the fear to be used under the Employee Retirement Income Security Act is the main deterrent to offering an in-plan annuity alternative. The report recommends that the Labor and Treasury departments need to develop proposals on how to certify or establish one or more independent fiduciary entities to assess annuity providers' financial strength.
ACCESSION #
126271075

 

Related Articles

  • DOL Clarifies Annuity Selection Safe Harbor Regulation. Moore, Rebecca // Plan Sponsor News;2015, p16 

    The article reports that the U.S. Department of Labor (DOL) has issued a Field Assistance Bulletin to clarify a 2008 regulation relating to annuity selection under defined contribution (DC) plans. Topics discussed include safe harbor conditions provided to plan fiduciaries for selecting and...

  • DOL Clarifies Annuity Selection Safe Harbor Regulation. Moore, Rebecca // Plan Advisor News;2015, p1 

    The article reports that the U.S. Department of Labor (DOL) offers clarification to the Annuity Selection Safe Harbor Regulation issued by the DOL under defined contribution (DC) plans in 2008. It informs that the DOL issued the Field Assistance Bulletin 2015-02 in which it comments on safe...

  • Nothing Doing? Adams, Nevin E. // Plan Sponsor;Oct2010, p2 

    The author reflects on the developments in retirement plan administration, particularly in the U.S. He focuses on the need for retirement-income products in defined contribution (DC) plans, which was tackled by the U.S. Treasury Department and the Department of Labor in their hearing in...

  • Easy Monthly Payments (for Retirement). Satter, Marlene Y. // Investment Advisor;Jun2010, Vol. 30 Issue 6, p126 

    The article reports on the issuance of a request for information (RFI) on the "Lifetime Income Options for Participants and Beneficiaries in Retirement," by the Department of Labor and the Treasury Department. It claims that RFI emerges from increased concern on the shift to defined contribution...

  • Cash-Balance Plan Proposal Generates Controversy.  // Treasury & Risk Management;Mar2003, Vol. 13 Issue 3, p10 

    Reports on criticisms to the United States Treasury Department's proposed guidelines on cash-balance pension plan conversions. Result of shifting from defined benefit plans; Concerns that the proposals hurt older workers; Stance of the Erisa Industry Committee.

  • Expected education guidance worries experts. Limbacher, Patricia B. // Pensions & Investments;10/2/1995, Vol. 23 Issue 20, p43 

    Focuses on the concerns over the release of the US Department of Labor's interpretive bulletin on investment education for defined contribution plans. Purpose of the bulletin; Highlights on the Investment Advisers Act; Impact of the bulletin on investment advisors; Varied reactions from...

  • Education revision receives good grade. Williamson, Christine // Pensions & Investments;6/24/1996, Vol. 24 Issue 13, p20 

    Reports on the reactions of the defined contribution industry on the final version of US Department of Labor's interpretive bulletin on participant investment education. Encouragement to terminated employees to roll over plan distributions into individual retirement accounts; Drafting of...

  • 404(C) SAFEGUARDS IMPERILED. Jacobius, Arleen // Pensions & Investments;1/21/2002, Vol. 30 Issue 2, p3 

    Reports the impact of the Labor Department's approval of professionally managed accounts for defined contribution participants to plan sponsors in the United States. Issuance of an advisory opinion by the Department of Labor's Pension and Welfare Benefits Administration; Qualifications for...

  • Execs laud DC fee disclosure delay. Steyer, Robert // Pensions & Investments;2/21/2011, Vol. 39 Issue 4, p6 

    The article discusses impact of the U.S. Department of Labor's (DOL's) decision to postpone the implementation of the service fee-disclosure regulation, on the defined contribution industry.

  • DOL seeks to lift advice liability off of sponsors. Jacobius, Arleen // Pensions & Investments;9/4/2000, Vol. 28 Issue 18, p4 

    Reports on the plan by the United States Department of Labor to push legislation encouraging defined contribution plan sponsors to provide high-quality investment advice to plan participants. Failure of legislation that would have amended the Employee Retirement Income Security Act; Purpose of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics