Products September 17, 2007

Securian Retirement Unveils Target-Date Funds

Securian Retirement has come out with target-date funds that use an employee’s age rather than their expected retirement age.
Reported by

Employees only need to know their age to manage the investments in Securian Retirement’s TargetAge, according to a press release.

“Some investment programs assume employees will retire on the date of their choosing, but don’t acknowledge that retirement dates can change,” said Bruce Shay, senior vice president, Securian Retirement, in the press release. “When employees’ dreams of early retirement don’t come true, they’re stuck with financial plans that don’t meet their needs,” he added.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

The suite of products allows employers to select automatic plan features that suit their workforce; a risk-based approach or an age-based approach.

For more information visit www.securian.com.

Deals & People September 17, 2007

Lord Abbett&Co. Makes Executive Appointments

Money manager Lord Abbett&Co. has announced some shuffling in executive management positions, including the appointments of a new Managing Partner, Senior Partner, and Chief Investment Officer.
Reported by

The firm announced:

  • Daria Foster will assume the role of Managing Partner where she will be responsible for the day-to-day management of the firm. She will continue as President and Director of the Lord Abbett Family of Mutual Funds — roles she has held since 2006. Foster is credited with growing the company’s institutional business, the announcement said.
  • Robert Dow, who currently serves as Managing Partner and Chief Investment Officer, will be named to the newly-created position of Senior Partner to focus on the strategic direction. Dow also will continue to serve as the Chairman of the Board of the Lord Abbett Family of Mutual Funds.
  • Robert Gerber will inherit Dow’s seat as CIO. Gerber joined Lord Abbett in 1997, became a partner in 1998 and is now responsible for the investment grade taxable fixed-income area.

Foster joined Lord Abbett as Director of Fixed Income Marketing and was appointed Director of Institutional Marketing two years later. In 2005, she became responsible for the firm’s sales and marketing efforts in the institutional and retail areas.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

Dow began his investment career with Lord Abbett in the early 1970s, when he joined the firm as a Research Analyst. He has served in a number of investment positions, including Portfolio Manager for several Lord Abbett funds, and overseeing the fixed income area, as well as Chief Investment Officer.

The appointments are effective October 1, 2007.

«