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Defined Contribution Industry Divided Over How to Provide Lifetime Income Information
Pensions & Investments
Sept. 2, 2013 "Industry members are debating among themselves and with [DOL] officials over explaining lifetime income calculations without leaving themselves vulnerable to lawsuits, impairing new-product development or creating unrealistic expectations for participants.... The internal debate includes whether such lifetime income spending illustrations should be mandated, and what legal safe harbor the DOL should offer when projecting account balances and converting current and projected account balances into lifetime income streams." MORE >> |
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