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IRS Deepens Focus on Lifetime Income with Lump-Sum Ban
Pensions & InvestmentsLink to more items from this source
July 29, 2015
"While the policy change is not expected to have a major impact on plan sponsor behavior, it does have a symbolic one, and it is viewed as a broader effort by Washington regulators to encourage lifetime income.... 'The real story is probably what this says on the part of the regulators,' said Bob Collie [of] Russell Investments. 'They are trying to get ways to get people to turn lump sums into annuities, and to close leakage within defined contribution plans.' "

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