The renaming, which is subject to the approval of the Financial Industry Regulatory Authority (FINRA), will become effective January 1, 2008.
“Our renaming to AIG Retirement is driven by our expansion beyond traditional variable annuity-based group retirement plan solutions to include mutual funds and financial planning on a direct or full-service basis. We believe that AIG Retirement will generate greater awareness of our expanded capabilities in helping clients through every phase of the financial lifecycle,’ said Bruce R. Abrams, President and CEO of VALIC and the VALIC Retirement Services Company
The renaming does not include a name change of The Variable Annuity Life Insurance Company (VALIC), which will continue to serve as the insurance company issuing the core annuity products.
You Might Also Like:
« Fund Ownership Most Common Through Tax-deferred Accounts