Products October 30, 2013

NY Life Issues 401(k) Planning Videos

A series of animated “whiteboards,” released by New York Life Retirement Plan Services, aims to illustrate prominent 401(k) planning concepts for employer-sponsored retirement plan participants.
Reported by

The videos tie together animation and narration on core topics in the 401(k) planning space, such as investing early to take advantage of compounding returns or the importance of taking full advantage of a company’s contribution match.

New York Life published the videos under the title “The MyLifeNow Chronicles,” and now offers the suite as a standard part of its plan participant communications platform. Additional video materials are slated for release in early 2014 on the topics of 401(k) loans, asset allocation strategies and managed account programs for defined contribution (DC) plan participants.   

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Sample videos available here.

Products October 30, 2013

BNP Offers U.S. TIPS to DC, DB Plans

BNP Paribas Investment Partners Trust Company added a share class to offer employer-sponsored retirement plans access to its U.S. Treasury Inflation Protected Securities (TIPS) comingled investment fund.
Reported by

BNP affiliate Fischer Francis Trees & Watts (FFTW) manages the new share class, as well as the wider FFTW U.S. TIPS Fund. The share class is offered to both qualified defined contribution (DC) and defined benefit (DB) plans.

BNP managers said their firm developed the share class to meet demand as more employer-sponsored retirement plans offer stand-alone U.S. TIPS options for participants.

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Patrick O’Hara, director of defined contribution business development for BNP, said the fund takes on a pure-play strategy that relies primarily on inflation-linked bonds and nominal sovereign bonds in seeking to generate incremental returns over the Barclays Capital U.S. TIPS Index.

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