The Million Dollar Round Table and other groups have set up the Partnership for Retirement Education and Planning.

PREP, Park Ridge, Ill., will try to help baby boomers better understand retirement planning needs, according to Philip Harriman, a past president of the MDRT, Park Ridge, and a spokesman for PREP.

A few of the other PREP founding groups include the National Association of Insurance and Financial Advisors, Falls Church, Va.; the American Council of Life Insurers, Washington; and the National Association of Independent Life Brokerage Agencies, Fairfax, Va.

PREP members have agreed to support a Financial Dignity Bill of Rights, which holds that individuals must create and protect their own financial well-being, supported by the right to:

- Participate in employer sponsored plans, if offered.

- Receive government benefits, if eligible.

- Receive ethical and honest counsel from trained and capable financial professionals.

- Financial solutions involving appropriate plans, products and fair, ethical practices from providers of financial services.