(Reuters) - The letter, dated May 31 and addressed to the Office of
Management and Budget, responded to a letter from the American
Council of Life Insurers, which urged the agency to consider
stable value funds as a default option.
"This suggestion seeks to maintain a status quo that
Congress intended to change for the benefit of participants and
beneficiaries," the Investment Company Institute wrote.
Read more at Reuters.com Government Filings News
Management and Budget, responded to a letter from the American
Council of Life Insurers, which urged the agency to consider
stable value funds as a default option.
"This suggestion seeks to maintain a status quo that
Congress intended to change for the benefit of participants and
beneficiaries," the Investment Company Institute wrote.
Read more at Reuters.com Government Filings News
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