Deals & People April 21, 2010

New York Life Investments Announces Stable Value Unit

New York Life Investments has announced the launch of Stable Value Investments (SVI), a new unit that will create and distribute proprietary fixed-income money management solutions backed by book value guarantees from the New York Life Insurance Company.
Reported by

Leading this new unit as director and head of Stable Value Investments is Aruna Hobbs, who joined New York Life in November 2009 from AEGON Insurance. As director and head of Pensions and Savings at AEGON, she was elected to the Stable Value Board of Directors for two terms and was a member of the LIMRA Marketing Officers Round Table, according to an announcement.

Hobbs also served as a member of the Stable Value Investment Association (SVIA) Executive Committee.  

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Products April 21, 2010

Mercer Launches Online Retirement Planning Education Campaign

Mercer has launched an online retirement planning education campaign for participants in 401(k) plans it administers.
Reported by

A Mercer news release said “Retirement Road Trip” is an interactive campaign that takes the user on a five-minute retirement “road trip” tailored to his or her age group. Along the way the participant encounters various obstacles that represent common challenges to saving for retirement and learns helpful, age-appropriate strategies to move beyond such “roadblocks.”  

The campaign will be implemented in three separate phases over the course of the year, each phase consisting of a different driving environment that represents and addresses savings challenges: “mountain terrain” (stock market volatility), “road under construction” (major changes in one’s life), and “long desert stretch” (maintaining savings momentum over time). With each new driving environment, participants will find a new set of educational resources, including interactive presentations, timely articles, and easy-to-use retirement planning calculators, according to Mercer. 

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The “Retirement Road Trip” campaign, which launched in mid-April, is accessible to participants through their retirement plan’s Web site. The campaign is also accessible to the public at www.retirementroadtrip.com. A Facebook and Twitter link are also on the public site.

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