Products October 5, 2010

Lincoln Announces Retirement Plan Recordkeeping Upgrade

Lincoln Financial has contracted with DST Retirement Solutions, a provider of retirement plan recordkeeping software, to enhance its recordkeeping and administrative services platform for plan sponsors, participants, and intermediaries.
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Lincoln said benefits of system conversion include: 

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  • Enhanced reporting and access to plan information
  • Better online planning tools, calculators, and education materials
  • Enhanced call center technology
  • User-friendly Web resources and self-service features

 

“The Lincoln team will have access to technology to augment our already strong service offering,” said Chuck Cornelio, president of Defined Contribution, Lincoln Financial Group, in a press release.  

Lincoln Financial provides education, resources, and tools to help its 24,000 plan sponsors provide retirement plan benefits to more than 1.4 million plan participants. The company has more than 50 years of experience focusing primarily on serving the needs of 403(b) plan sponsors in the health care and K-12 markets and 401(k) plan sponsors of small and mid-size businesses. 

Products October 5, 2010

“Pitch Points” Aimed at Helping Advisers

T. Rowe Price will be rolling out a new value-add series called “Pitch Points” to better serve the defined contribution (DC) adviser market.    
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“Pitch Points,” on topics such as fiduciary concerns, participant communications, plan design issues, and investment lineups, is intended to help DC advisers better communicate key retirement plan issues with current or prospective clients.  The one to two page guides will include sections such as:

  • The latest research on timely DC topics
  • T. Rowe Price’s analysis of the data
  • Tips on how advisers can turn that information into effective sales pitches 

One “Pitch Points” has been published so far, covering auto-enrollment plans.  The document can be seen here. Future “Pitch Points” will be coming out quarterly; the next one is scheduled for a December release.  They are free for anyone who registers at www.troweprice.com/fi.   

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