Shenandoah Life Successfully Exits Receivership

“Peter was recognized and selected as one of five sales managers nationwide for John Hancock’s Managing Directors Development Program in his early years,” said William J. Stevens, vice president of Penn Mutual’s Career Agency System. “And now, 16 years later, Peter has helped producers bring their practices to the next level by implementing a client-centered, team-based planning approach and will continue to raise the bar in his new position.”

The Hartford Financial Services Group Inc., Hartford, Conn. (NYSE: HIG), is expanding its investment choices for retirement plan sponsors and participants by introducing three new investment managers and 16 new investment options to its defined contribution retirement program offerings.

Two new investment managers, Calamos Investments and Delaware Investments, have been added to retirement plans for both corporate and nonprofit sponsors. A third manager, TIAA-CREF, has been added for nonprofit sponsors, including schools, charities, government entities and others.

Nine additional new investment options are being provided by investment managers currently available on The Hartford’s platform. Two of those investment options, the PIMCO Total Return III Fund and the Invesco Real Estate Fund, were added to The Hartford’s lineup for nonprofits. The PIMCO Total Return II Fund, a socially responsible fund, complements the insurer’s existing lineup of socially responsible investments.

Seven new investment options are available to both corporate and nonprofit sponsors: the Eaton Vance Atlanta Capital SMID-Cap Fund, the Federated Clover Small Value Fund, the Hartford High Yield Fund, the Invesco Van Kampen American Franchise Fund; the Oppenheimer Equity Income Fund and the Oppenheimer International Diversified Fund, and the Prudential Jennison Natural Resources Fund.

The Hartford’s defined contribution retirement plans, which offer an open architecture platform for investment funds, now allows plan sponsors to choose from as many as 294 funds available through 80 fund managers. The Hartford had $57.2 billion in retirement plan assets under management in retirement plans as of March 31.

The International Foundation of Employee Benefit Plans, Brookfield, Wis., honored Dallas Salisbury, president and chief executive officer of the Employee Benefit Research Institute (EBRI), with this year’s Public Service Award at the Washington Legislative Update conference in Washington, D.C.

“Dallas is a substantive contributor to the field of employee benefits on every level,” said Richard Lyall, International Foundation president and chair of the board who presented the award. “He is the foremost thought-leader in this highly complicated industry. He is universally respected by those in the field, as well as those in the most prestigious offices.”

Salisbury joined EBRI at its founding in 1978. Prior to joining EBRI, he held positions with the Washington State Legislature, the U.S. Department of Justice, the Employee Benefits Security Administration of the U.S. Department of Labor and the Pension Benefit Guaranty Corp.

Salisbury is currently a member of the Securities and Exchange Commission Investor Advisory Committee, the Board of Advisors to the Comptroller General of the United States, and the Board of Directors of the FINRA Investor Education Foundation. He is a fellow of the National Academy of Human Resources and a member of the board of the NAHR Foundation.