RIIA Founder Makes The Right Choice

By Kerry Pechter

April 2008

With an ironic flourish, Francois Gadenne has removed a potential obstacle to the success of the Retirement Income Industry Association (RIIA). And that's good news for the 'decumulation' industry as a whole. The founder and chairman of RIIA announced at the non-profit organization's conference in Miami on February 11 that he would henceforth work full-time for the RIIA and give up his outside business interests. He will either sell his company, Retirement Engineering, Inc. (REI), and its patents, or put them in a blind trust.

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