New York Life has a new president. Effective July 1, Ted Mathas will take the helm from Fredrick Sievert, who’s retiring. Mathas will continue his role as chief operating officer, New York Life says in a statement. As COO Mathas is responsible for the Office of the Chief Operating Officer, which oversees all domestic and international business operations including life insurance, retirement income, investments, long-term care insurance and related businesses, as well as the company’s career agency system, according to New York Life.
Also, Fidelity adds to its index fund offerings.
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The report from Alight Solutions found that participants are not using TDFs as they were intended to be used.
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