Actuary: Annuity purchases are an important tool for de-risking pension plans

02/17/2014 | PlanAdviser.com

More sponsors of defined benefit pension plans, especially frozen plans, are considering de-risking by purchasing annuities and offering lump sum distributions, writes Mike Dulaney, senior consulting actuary at the Principal Financial Group. "It is important to help the sponsor carefully analyze the short- and long-term financial implications of these transactions before taking action," he notes.

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