While the decision to invest in annuities is usually a settlor purpose, the implementation of that decision is often a fiduciary motion and for that reason topic on the fiduciary procedures of ERISA.
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The framework with the annuity deal and assures supporting the annuities, like the usage of different accounts
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The DOL rejects the see the settlor’s selection to interact inside of a pension hazard transfer ensures that the system fiduciary, in utilizing That call, may be indifferent to the lack of PBGC coverage or even the extent with the point out assures.
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