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DOL Greenlights Managed Account-Based Lifetime Income Offering
Morgan Lewis
[Guidance Overview] Oct. 14, 2025 "Advisory Opinion 2025-04A addresses whether a particular lifetime income solution using managed account strategies will qualify under the QDIA framework. It affirms that the particular solution -- which incorporates annuities that are not designated investment options under the plan -- could serve as a QDIA. The Opinion was also drafted to provide some assurance for similar lifetime income strategy programs and may also signal further DOL support for lifetime income offerings." MORE >> |
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