AEGON Unit Adds Retirement Plan Warranties

Another component of the program, the Transamerica Fiduciary Warranty service, will buffer advisors against breaches in the warranty, Transamerica says.

“The warranty will provide specific guidelines for helping a plan sponsor develop an investment line-up,” Transamerica says. “This will satisfy the requirements set forth by the U.S. Department of Labor and the Employee Retirement Income Security Act, by meeting the prudence requirement, the ‘broad range rule,’ and being appropriate for long-term investing,” Transamerica says.