Transamerica to Take on Mercer DC Recordkeeping Business |
Aegon, through an affiliate of its Transamerica unit, has reached an agreement with Mercer HR Services, LLC to acquire Mercer’s U.S. defined contribution administration book of business. Upon completion of the acquisition, the defined contribution business will transition to Transamerica Retirement Solutions, which Aegon says will become a top ten DC recordkeeper based on plan participants and assets.
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Inside Perspective on Transamerica-Mercer Deal |
“Scale is a very important part of the economics that drive this business,” says Kent Callahan, president and CEO of Transamerica’s Investments and Retirement Division. He told PLANADVISER the announcement of a deal to take on Mercer’s DC administration business is all about scale and superior service.
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Retirement Plan Participants Want to Be Socially Responsible |
Socially and environmentally responsible investing options resonate with retirement plan participants, as nearly nine in 10 say they want their investments to align with their values, according to a survey by Calvert Investments.
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Financial Wellness Can Be Branded Content for Advisers |
A new research series is designed to help advisers demonstrate thought leadership, with reports that can be white-labeled with an adviser’s brand.
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