NU Online News Service, Oct. 1, 7:45 p.m. – The Indiana state deferred compensation plan is taking $294 million in assets away from Lincoln Retirement, a unit of Lincoln National Corp., Fort Wayne, Ind.
But Lincoln National reports that Indiana will be investing $150 million of the deferred comp assets with Lincoln's Delaware Investments investment company unit.
Delaware will manage the Indiana assets in a stable value account that guarantees a return of at least 0%. At least 90% of the assets in the account will be kept in investment-grade corporate or government securities.
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