Products May 6, 2009

Pershing Expands Fixed-Income Capabilities for RIAs

Pershing Advisor Solutions announced that its registered investment adviser (RIA) customers now have access to a broader array of fixed-income investment choices.
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The enhanced capabilities are being offered to RIAs through BondWave Advisors’ Program Portfolios solution, according to a press release. BondWave Advisors is a division of BondWave, a provider of solutions to the fixed-income markets. Pershing is a subsidiary of The Bank of New York Mellon Corporation.

BondWave Advisors’ Program Portfolios solution enables Pershing’s RIA customers to create and manage individual fixed-income accounts for their clients using a model-based investment strategy. RIAs have the ability to white-label the offering and maintain control of their clients’ assets, while continuing to direct the entire investment process, Pershing said.

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Those activities include strategy selection, portfolio monitoring services, customized electronic messaging, and reporting. Program Portfolios provides the underlying investment methodologies and technical platform to support the fixed-income investment approach.

Products May 6, 2009

ING Relaunches Corporate Variable Universal Life Product

ING Life Companies has relaunched its corporate variable universal life insurance product, issued by Security Life of Denver Insurance Company, with enhanced pricing.
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The ING Corporate VUL (policy form series #2516) is designed to generate a strong early-surrender value. The Surrender Value Enhancement feature may make asset/liability matching easier and minimizes the impact to the business’s balance sheet for a non-qualified deferred compensation (NQDC) plan, according to a press release.

The strong early-surrender value may also help offset NQDC liability with a tax-deferred asset (life insurance surrender value) and provide numerous variable investment options. Additionally, the long-term performance potential of ING Corporate VUL may fund the NQDC liability payouts while offering cost recovery at death, the announcement said.

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Key features of ING CVUL include:

  • surrender value enhancement—might achieve more than 100% cash surrender value in first year as a percent of premiums paid;
  • more than 55 variable investment options;
  • strong asset allocation platform powered by Ibbotson Associates;
  • three death benefit options.

ING said the enhancement follows the recent additions of an online site, known as “The Executive Benefits Resource Center,” and a chapter-by-chapter introduction/training manual, “How to Sell Executive Benefits.”

 

For more information, contact ING Life Sales Support at 866.ING.SELL.

 

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