AVC contributors misled?

Posted by Jon on 01 May 2003 at 12:17:50:

Many people will have been unaware when they made AVC contributions that Equitable Life had GAR agreements with some of their customers. It seems to me obvious that the GAR agreements increased the risk to all other customers of Equitable Life. Is this not effectively "mis-selling"? Should the IBM Pensions Trust have informed potential AVC contibutors better?