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

Life Health > Life Insurance

N.Y. Life Unit To Give Workers Personalized Advice

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

NU Online News Service, Oct. 12, 2004, 5:32 p.m. EDT

NYLIM Retirement Plan Services, Parsippany, N.J., has developed a new program to help members of 401(k) plans save for retirement.[@@]

The new “managed account” program will combine retirement income projections, efforts to encourage workers to save more and professional investment advice from a unit of Morningstar Inc., Chicago, according to NYLIM, a unit of New Life Insurance Company, New York.

The Morningstar unit will help pick investments for participants, allocate the assets and rebalance the allocations on a regular basis.

NYLIM will offer fiduciary support to plan sponsor clients who adopt the program, the company says.

NYLIM will start by making the program available to large and midsize employers in early 2005.


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.