Annuity purchases and Guaranteed Separate Accounts

Article January 11, 2022 Annuity purchases and Guaranteed Separate Accounts Written by James Walton Joe Anzalone Share Introduction Plan sponsors completing an annuity purchase have a fiduciary duty to select a safe insurance provider, and an increasingly common factor in that decision is the use of a Guaranteed Separate Account (“GSA”) by the insurer. A…

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Annuity Purchases: DOL 95-1

Video July 22, 2021 Annuity Purchases: DOL 95-1 Share In our next installment of our annuity purchase video series, we explore the requirements of the Department of Labor’s Interpretive Bulletin 95-1 and the standard which plan fiduciaries will be judged when selecting an insurer for the pension liabilities. See our other videos here: Fiduciary Responsibilities…

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Annuity purchases: Fiduciary arrangements

With the second installment of our annuity purchase video series we discuss the different types of roles played by service providers, as well as the fiduciary arrangements they make with the plans they serve.

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