Industry News
2/5/2020

The annuity safe harbor in the Setting Every Community Up for Retirement Enhancement Act of 2019 is likely to increase acceptance of annuities and other guaranteed income tools in retirement plans but it is difficult to know how long that will take, according to Sri Reddy, senior vice president in the retirement and income solutions unit of Principal Financial Group. "We don't know what the marketplace will accept, or what it will demand," he says.

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