Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Retirement Investing

AEGON Unit Adds Vanguard Investment Options

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 11, 2004, 3:44 p.m. EDT

Transamerica Retirement Services, Los Angeles, will be offering a group of 6 “lifecycle” funds to sponsors of small retirement plans.[@@]

The funds, part of the Target Retirements Funds family, are aimed at workers who prefer to leave asset selection and allocation to professionals.

Retirement plan members select the funds based on target retirement dates. Managers at Vanguard Group Inc., Valley Forge, Pa., will manage the funds and make sure that the percentage of investment-grade bonds and other relatively low-risk assets increases as the holders near retirement age, Transamerica says.

The core of each New Target Retirements fund is a group of 3 to 5 Vanguard index funds, Transamerica says.

Transamerica is a unit of AEGON N.V., The Hague, Netherlands.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.