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Product offerings narrowed ahead of fiduciary rule’s effective date

Distributors of retirement-related products are narrowing the range of products they offer in order to get ready for the implementation of the Labor Department's fiduciary rule. However, Gerry Murtagh and Ben Yahr write that this trend could "help firms implement a higher quality best-interest sales process in a more cost-effective…

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Some who take lump-sum payments regret not selecting annuity option

A MetLife survey found 52% of people who decided on a lump-sum payment from their retirement plans say it would have been easier to manage their budget if they had chosen the annuity option instead. InsuranceNewsNet online

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