Los Angeles partner Bruce Ashton was quoted in an Investment News article, titled, “Treasury, IRS OK annuities in 401(k) target date funds.” The article discussed the Treasury Department’s recent guidance for plan sponsors on how they can expand the use of deferred-income annuities, providing a special rule allowing defined-contribution plans to offer target date funds that include annuities among their assets.

Bruce noted that he expects serious growth in the use of annuities in 401(k) plans.

“Whoever requested this guidance is going to start a marketing campaign around it,” he said.

 

Click here to read the full article.