In the late 1980's, I worked for an Insurance company for a year, in the purchased annuities department. The company gave a more competitive interest rate to purchases made with money that was being transferred from another carrier, as opposed to internal transfers. Louise, the junior clerk in the unit, received a call from a broker, looking for an annuity quote in exchange for a specific sum of money. She said to the broker "Is this in-house money, or out-house money?". That's a true story.
More than once, someone asked me if they could transfer their pension plan assets to an RSVP.
More than once, someone asked me if they could transfer their pension plan assets to an RSVP.