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Friday, January 27, 2006

Annuity - 'Double-dip' rule rules out


'Double-dip' rule rules out RIC job
Richmond Times Dispatch, VA - Jan 24, 2006 Former federal workers who want to be re-employed by the government must give up a dollar of salary for every dollar of annuity they are entitled to, according

Comment: Buy your pension now or it'll cost you later
Telegraph.co.uk, United Kingdom - 12 hours ago Most pension providers, including Standard Life, Legal & General, Canada Life and Prudential, have been forced to cut their annuity rates in recent weeks.

Pensioners bear the brunt as annuity rates fall
Financial Times, UK - Jan 19, 2006 are tightly linked to government bond � or gilt � yields because life assurance companies widely purchase these types of bonds to back annuity payments.

NAIC Praises Life Insurers Group for Backing Extended Consumer
Insurance Journal - Jan 25, 2006 The result of that white paper was a working group that drafted a model setting suitability standards for all life insurance and annuity products.

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