Without them, plans are locked into a death spiral toward default. With them,  annuities can actually work within a responsible fiduciary framework. By Chris Tobe, CFA All annuities in plans, fixed annuities, and lifetime income annuities in DC plans need downgrade provisions.  However, the largest immediate use is the Pension Risk Transfer (PRT) annuities, which … Continue reading Retirement Plans Must Demand Downgrade Provisions for Any Annuity