Products September 22, 2010

CPI Unveils Investment Fiduciary Product

CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company headquartered in Great Bend, Kansas, has released its Investment Fiduciary Protection Program (IFPP). 
Reported by

A news release said Sunlin Consulting Investment Advisory Services is the investment manager for the program.

CPI Chief Marketing Officer Jon Prescott said Sunlin pairs fiduciary protection with the choice of 60 fund options. “Rather than providing a fiduciary warranty with numerous caveats or a set menu, Sunlin actually assumes fiduciary responsibility as defined in ERISA sections 3(38) and 3(21)(A)(ii) – in writing – with regard to the plan’s investments,” Prescott explained in the news release.

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More information about Sunlin is at http://www.sunlin.biz/.  More information about CPI is at www.cpiqpc.com.

Products September 22, 2010

Hartford Cuts Fixed-Income Fund Fees

The Hartford Mutual Funds has announced permanent mutual fund expense reductions for six fixed-income funds, effective November 1, 2010.  
Reported by

Involved in the fee cuts are:

  • The Hartford High Yield Fund 
  • The Hartford High Yield Municipal Bond Fund 
  • The Hartford Income Fund 
  • The Hartford Inflation Plus Fund 
  • The Hartford Short Duration Fund 
  • The Hartford Total Return Bond Fund

 

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“Financial advisers and investment consultants want lower expenses and fee transparency,” said Jim Davey, executive vice president of The Hartford Mutual Funds, in a news release. “We targeted the High Yield Fund for significant expense reductions to make it more competitive in its Morningstar category, and more attractive to financial advisers, institutional investors, and retirement plan sponsors.”

The company also announced fund fee cuts earlier this year (see Hartford Cuts Funds’ Expense Ratios).  

More information is available here. 

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