"A contingent of witnesses testified at the hearing that model disclosures should be designed to 'nudge' participants toward a decision to reject lump sum offers.... [It] was argued that providing participants with better information may not be enough to ensure that participants make good decisions and that 'choice architecture' should be used to encourage participants to make annuitization decisions that are in their best interest. Other witnesses argued for a more balanced approach, whereby necessary information is presented concisely, simply, and without a thumb on the scale toward a particular decision."  MORE >>