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New Pension Reform Act Should Help Annuity Business on Several Fronts

Steven D. McDonnell

In our opinion, the new Pension Protection Act of 2006 does much to encourage Americans to save for retirement and contains provisions to make annuities more attractive both within Defined Contribution (DC) plans and in non-qualified settings. Since some portions do not take effect for a few years, the ramifications of the legislation will be long-lasting...

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