Securian Retirement Unveils Target-Date Funds

Securian Retirement has come out with target-date funds that use an employee’s age rather than their expected retirement age.

Employees only need to know their age to manage the investments in Securian Retirement’s TargetAge, according to a press release.

“Some investment programs assume employees will retire on the date of their choosing, but don’t acknowledge that retirement dates can change,” said Bruce Shay, senior vice president, Securian Retirement, in the press release. “When employees’ dreams of early retirement don’t come true, they’re stuck with financial plans that don’t meet their needs,” he added.

The suite of products allows employers to select automatic plan features that suit their workforce; a risk-based approach or an age-based approach.

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