Products September 27, 2010

VALIC Fixed Interest Option Now Available on ASPire RK Platform

ASPire Financial Services has added to its recordkeeping platform a VALIC product that it says offers participants a strong financial foundation, competitive yields, and greater assurance.
Reported by

According to a press release, the VALIC Fixed Interest Option (FIO) trades like a mutual fund and guarantees a rate of return, backed by the claims-paying ability of The Variable Annuity Life Insurance Company. ASPire Financial Services provides a solution to clients dealing with low money-market rates, inflation and fees through the availability of this product, the company claimed.

“This Fixed Interest Option can be an attractive alternative to other stability focused investments since it offers similar liquidity and currently a much higher crediting rate,” said Greg Garvin, VALIC executive vice president, in the announcement. 

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Products September 27, 2010

ProNvest Brings On Morningstar

ProNvest, Inc., an online provider of retirement plan participant managed accounts, advice, and tools, has added Morningstar Associates to its platform.
Reported by

According to a news release, ProNvest’s platform provides participants with planning tools as well as access to independent advisers who can make investment-related decisions.

As an open-platform provider, ProNvest can accommodate provider or plan sponsor requests for independent third-party advisers by linking the adviser to its platform without the need for a new integration or any disruption to plan participants, the company said. ProNvest continues to provide all resources and systems to participants, but relies on the independent adviser to create model portfolios.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

ProNvest approves and integrates multiple investment advisers/RIAs into its platform, and conducts ongoing due diligence in accordance with Pension Protection Act guidelines, the company said.

«