New products introduced over the last week include the selection of MassMutual as provider of a Taft-Hartley retirement plan and a new TV app for stock, finance and market news in a joint Fidelity/Verizon venture.
In addition, a new report shows that updates in the VA market in Q3 increase benefits, but make few other changes.
Here are the latest developments of interest to advisors:
1) MassMutual Adds $23+ Million Taft-Hartley Retirement Plan
MassMutual’s Retirement Services Division has been selected as the new provider for the Labor Unions 401(k) Plan based in Southern California, it was announced November 17. The Taft-Hartley plan has more than $23 million in assets under management and serves over 3,500 union members employed in the hotel, food service, gaming, textile, laundry, manufacturing, and distribution industries.
MassMutual has been serving the Taft-Hartley retirement plan market for more than 50 years.
2) Fidelity and Verizon Deliver First Stock, Finance and Market News Application on FiOS TV
Fidelity Investments and Verizon (VZ) announced Tuesday a joint project to provide Verizon’s FiOS TV subscribers instant access to the Fidelity Market Monitor Application. Now available to Verizon’s 4 million FiOS TV customers, the new app gives them instant access, directly on their televisions, to rich market data including quotes, charts, watch lists and financial news.
Verizon is the first cable or satellite provider to offer the Fidelity Market Monitor Application, and at no addition charge for FiOS TV customers. FiOS TV subscribers can access the Fidelity Market Monitor Application with their TV remote control, search for quotes and information about stocks and mutual funds, and view the information on the right side of their TV screen, while watching TV programming.