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Indiana Public Retirement System searching for managers to run a combined $1.1 billion
Indiana Public Retirement System issued RFPs for active international fixed-income managers to run a total of $900 million and for providers of life annuities to run possibly an initial total of $200 million.
Sun Life to sell U.S. annuity business to Guggenheim
Sun Life Financial agreed to sell a U.S. annuity business in a $1.35 billion deal to a firm owned by Guggenheim Partners shareholders to cut risks in equity markets and interest rates.
NBA to create annuity plan for players
National Basketball Association players, who were paid an average of about $5 million last season, will be required for the first time to save money for retirement.
Comment letters back lifetime annuity proposals
Plan executives and service providers are expected to support proposed regulations on lifetime annuities when the IRS holds a public hearing on June 1 in Washington.
Retirement income: New strategies should be welcomed
The Obama administration is now beginning to propose regulatory changes affecting retirement plans to encourage the use of lifetime income solutions for retirees.
Partial annuities included in proposed rules for lifetime income options
Providing partial annuities and reducing restrictions on so-called deferred longevity annuities were parts of proposed regulations on lifetime income options in retirement plans announced Thursday by the Treasury Department.
United Technologies' DC plans to add lifetime income option
United Technologies Corp. plans to introduce a lifetime income option embedded within a 401(k) plan in the second quarter of 2012, making the Hartford, Conn.-based manufacturer the largest sponsor to employ a such a product.