Pension advances have pitfalls for retirees, investors, regulators say

05/10/2013 | Reuters

Retirees who agree to "pension advance" schemes that provide lump sums in exchange for future pension payments are likely to lose money in the long run, the Securities and Exchange Commission and Financial Industry Regulatory Authority say. The regulators also warned that securities linked to the advances can be costly and difficult to sell.

View Full Article in:


Published in Briefs: