Products December 27, 2007

Rockford Firm Introduces Lifestyle Offerings

The Trust and Investment Group at Alpine Bank in Rockford, Illinois, has complimented the target retirement fund offerings in their 401(k) platform with their own managed Lifestyle Premier Portfolios.
Reported by

The five portfolio choices range from Capital Preservation for the near-retiree to Aggressive Growth for the younger, less risk-averse investor.

According to the announcement, recognizing that age-based portfolios such as the target retirement funds are not appropriate for all investors, this offering serves to provide the investment expertise sought by participants with the strategy that fits them best from a risk perspective.

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For more information, visit http://www.bankalpine.com/.

Products December 27, 2007

New Site Rounds Up Financial Ed Information

The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has partnered with the Treasury and the Financial Literacy and Education Commission to provide resources for financial literacy to the general public.
Reported by

The information will be delivered via a new Web site, http://www.flecnationalnetwork.org, that will serve as a clearinghouse for financial education materials produced by state and local governments (as well as associations that represent state and local governments). According to an announcement, the Web site will include information such as the name, description, location, and target audience of financial education programs and materials.

“NAGDCA thanks the Treasury and the Commission for the opportunity to work on such an important project. Providing individuals with financial education is an essential tool in helping them prepare for a secure retirement,” said Mindy Harris, NAGDCA President, in a press release.

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NAGDCA is a member of the National Financial Education Network (National Network) which was established by the Financial Literacy and Education Commission this past April to coordinate financial education efforts across the country.

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