The Government Accountability Office said in a report that the Labor Department should do more to encourage 401(k) plan sponsors to offer annuities and other lifetime income options. Adding annuity options to 401(k)s by providing clearer criteria for selecting annuity providers would increase their use, GAO said. LifeHealthPro (9/10), BenefitsPro.com…
More midsize companies are moving pension liabilities off of their books by transferring them to annuities sold by insurance companies or making lump-sum distributions to plan participants. CFO.com (9/9)
A provision that would block implementation of the Labor Department's fiduciary rule is in a bill to replace the Dodd-Frank Act sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Texas. The measure would also bar the Securities and Exchange Commission from proposing a fiduciary rule until it conducts a…
Are you one of the 40 percent of health insurance producers who has seen a decrease in commission revenues since the implementation of the ACA, the Affordable Care Act? Are you looking for ways to replace the decline in revenues and the corresponding increase in time invested? Are you searching…
Defined-contribution plan sponsors are reluctant to add annuities to plans until the Labor Department publishes a revised safe-harbor rule for guaranteed-income options. A poll by MetLife found that two-thirds of plans that don't offer annuities and other guaranteed-income options will be more likely to add them to their plans once…
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