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THE ORFORD INITIATIVE ALLOCATING RETIREMENT FUNDS AND ANNUITY ATTRIBUTE PREFERENCES; FINDINGS FROM 2 CHOICE EXPERIMENTSJANUARY 2020 REPORTWritten by Teagan Altschwager and Jody EvansAcknowledgments
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A variant on target refers to a modification or alternative option that alters the original objective or requirement in a specific context, typically used in regulatory or compliance documentation.
Individuals or organizations that are involved in activities subject to regulatory obligations or specific guidelines are required to file a variant on target when deviations from established targets occur.
To fill out a variant on target, one must provide detailed information regarding the deviations, including the original targets, the proposed variants, reason for changes, and any necessary supporting documentation.
The purpose of a variant on target is to document and communicate any intended changes or alternative plans that may impact compliance or performance against established objectives.
Information that must be reported includes the original target reference, details of the variant, reasons for the variant, impact analysis, and any potential alternatives considered.
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