Products October 20, 2008

Door Reopens to AIM Small Cap Fund

Invesco Aim Advisors, Inc., has approved the reopening of AIM International Small Company Fund.
Reported by

A news release said AIM International Small Company Fund, which went into limited offering in March 2005 and has approximately $317 million in assets under management, will reopen to all investors at the start of business November 3, 2008.

“AIM International Small Company Fund is being reopened because capacity is now available, giving the management team greater ability to take advantage of the growing attractive valuations among international small-cap stocks,” the company said, in the announcement.

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More information is available at www.invescoaim.com.

Products October 20, 2008

Security Benefit Offers 403(b) Compliance Deadline Guarantee

Security Benefit will pledge compliance with 403(b) regulations by the January 1, 2009, deadline to any school whose contract is received by November 14, 2008, through its 403(b) PlanSolutions Quick Start.
Reported by

Security Benefit announced that Quick Start is designed for schools and districts that are not prepared for the new regulations, and if a school or district using the program is not prepared by the deadline, Security Benefit will return the implementation fees.

403(b) PlanSolutions provides 403(b) plan sponsors with the tools necessary to comply with the regulations, including:

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  • Installation services that provide a fully compliant 403(b) plan document and supporting notices to employees;
  • Common remitter services to process and remit contributions to approved 403(b) providers; and
  • Proactive compliance monitoring of all approved providers that includes transfers, contributions, catch-up limits, hardships, loans, and distribution monitoring.

More information can be found at www.securitybenefit.com.

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