Advisers seek income products that don't involve insurance

09/20/2010 | InvestmentNews (free registration)

Although leaders from the retirement industry petitioned officials of the Labor and Treasury departments last week to make it easier to include annuities in 401(k) plans, many advisers and firms are looking beyond insurance products, as they remember the past failures of insurers who provided guaranteed-income products, such as the bankruptcy of First Executive Life Insurance in 1991. Other advisers are reducing risk by diversifying fixed-income exposure.

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