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Annuities are allowed in a 401(k) or Individual Retirement Account, and about 50% of annuities are sold in qualified plans, said Deborah Tucker, a NAVA vice president. NAVA to Provide Software Product and Service Providers with Guidelines to Develop STP-Compliant Solutions for Insurance Carriers, Distributors Through the partnership, NAVA will coordinate and develop requirements and priorities for annuity standards through the efforts of its technology committee, which will make the information available to ACORD for inclusion in its standards-setting processes. |
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