November 11, 2014

Bruce Ashton Quoted in Investment News

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.

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.