Newport Beach, Calif. – Effective March 1, 2010, the Annuities & Mutual Funds Division of Pacific Life Insurance Company has been renamed the Retirement Solutions Division. The full transition is expected to be completed on or before the end of this year.
“The new name reflects the division’s diversified business mix and consultative wholesaling strategy,” says Dewey Bushaw, executive vice president. “The name change further defines the longer term strategy of creating and bringing new and innovative retirement income products to the market and offering simplified lower-fee retirement product solutions that include variable and fixed annuities and mutual funds.”
This change also reflects a recent internal transfer of Pacific Life’s structured settlements and retirement annuities business to the division.