The Markets November 7, 2007

Fiserv Introduces Target Date Fund Suite

The Fiserv Trust Retire Target Date Funds for employer retirement plans is the latest collective investment fund (CIF) offering from Fiserv Investment Support Services.
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The Retire Funds, sub-advised by Rogerscasey, LLC, are available through the Fiserv Trust custody platform and are traded through the National Securities Clearing Corporation.

The Retire Funds use an institutional approach with an “open architecture” menu of investment managers, the company said in a press release. The six funds, which have target dates ranging from 2015 to 2055 and a retirement income fund, will offer institutional-quality investment components with appropriate asset allocation, the announcement said.

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More information is at www.theretirefunds.com.

Products November 7, 2007

Groups Unveil Auto Enrollment Education Site

A coalition of business groups has unveiled a new Web site designed to educate human resource professionals and business executives about automatic 401(k)s and how to implement them.
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The www.RetirementMadeSimpler.org Web site features interactive tools and general information about 401(k) enrollment issues.

According to a news release, the site is particularly useful to small- and medium-sized employers. Its resources include tips on how to get started, the benefits of automatic enrollment, and real-world experiences from companies that have successfully made the switch.

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The Retirement Made Simpler coalition includes AARP, the Financial Industry Regulatory Authority (FINRA), and the Retirement Security Project (RSP).

“The Retirement Made Simpler coalition hopes that these positive employee experiences with automatic 401(k)s will be the catalyst employers need to implement these plans in their own companies,” said Mary Schapiro, FINRA’s Chief Executive Officer, in the news release. “AARP, FINRA, and RSP understand the needs of the consumer, the financial services industry, and the savings strategies that can help American workers achieve a secure retirement. We know automatic 401(k)s are a simple and effective way to build retirement savings, and we now know employees like them and want them, too.”

In addition to unveiling the Web site, the group also released the results of a survey of workers that found widespread support for auto enrollment 401(k) programs.

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