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Participants Want More Information on Provider Products Print E-mail
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Retirement Advisor
Despite the positive changes that the PPA has brought to the retirement planning industry, by bringing millions of new participants to the table, cross-selling products to any plan participant is still a challenge for providers. Yet this is still a necessary step for building market share and for providing the best service to participants.
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Is There Room for Improvement in Your Plan Sponsor Relationship Management? Print E-mail
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Though the 2006 Pension Protection Act has changed the way providers, sponsors, and participants can and do interact with each other, the defined contribution (DC) retirement plan market in 2007 is a mature and robust industry. Penetration of DC plans in large companies (those with 1,000 or more employees) is nearly universal. Industry consolidation is well under way as major providers build scale and others find attractive niche markets where they can compete effectively.
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Thinking about expanding your investment funds lineup? Print E-mail
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Retirement Advisor
In today’s commoditized world of retirement services, many providers have found it difficult to differentiate themselves purely on the services they provide. As such, several retirement providers have ventured beyond the traditional products and services for ways to differentiate themselves and many have focused on expanding alternative investment options. But will this do the trick? Are these options really the way for providers to pull ahead of the pack?
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Boomers Drive Annuity Resurgence Print E-mail
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Retirement Advisor
After several rough years and a somewhat tarnished reputation, it is time for the re-emergence of the annuity. You might say, “What do you mean? The annuity has never gone away.” And you are correct that it hasn’t technically disappeared from the investment landscape. But the annuity has suffered a popularity challenge. In recent years annuities were perceived as over-priced and full of hidden fees. Though their standing in the minds of investors hasn’t changed much, in the next few years, these investment vehicles will make an overwhelming comeback, despite their reputation.
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Target Date/Lifecycle Funds:How should they be used and how are they used now? Print E-mail
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Retirement Advisor
Given the vast quantity of investment choices offered in some retirement plans, as well as their range of risk strategies - from aggressive to conservative and every flavor in between - it’s no wonder that plan participants are often confused when choosing how to allocate their assets. And participant confusion, unfortunately, often leads to poor guesses, or worse, to not acting at all. picture_-_1.jpg
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