Products August 10, 2010

SSgA Selected to Sub-Advise Lincoln Variable Life and Annuity Solutions

State Street Global Advisors (SSgA) has been selected by Lincoln Financial Group to sub-advise variable life insurance and variable annuity investment options. 

Reported by

The new Lincoln Variable Insurance Product (LVIP), the SSgA Global Tactical Allocation Fund, incorporates a range of exchange traded funds (ETFs) including State Street’s SPDR ETFs, as well as eight variable annuity funds currently sub-advised by SSgA Funds Management, Inc. and offered in Lincoln Variable Life and Annuity solutions, including the Lincoln ChoicePlus Assurance variable annuity product platform, according to a press release.   

The fund was transitioned from its existing sub-adviser to SSgA on August 2, 2010.  

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SSgA manages eight individual sub-accounts as well as the LVIP SSgA Index and LVIP SSgA Structured asset allocation offerings within the Lincoln ChoicePlus Assurance offering. 

Deals & People August 10, 2010

Natixis Appoints Executive to Oversee Distribution

Natixis Global Associates (NGA) has announced the appointment of Matt Coldren, executive vice president, to head its retirement strategy group. 

Reported by

Coldren will oversee all retirement sales, product and marketing strategies with the company’s distribution partners and the general market. He will retain his current responsibilities as executive vice president of global relationships, which includes the Relationship Management, Portfolio Metrics, and Advisor Academy groups.  

According to the announcement, since joining the firm in 2004, Coldren has held a number of positions at NGA, including most recently leading the firm’s global relationships effort. Prior to joining NGA, he was vice president and national account manager at MFS Investment Management. He was also previously with Delaware Investments as a vice president and relationship manager.  

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“Our retirement plan business has increased significantly – by over 36% so far this year – and we continue to note the increasing importance of the retirement marketplace to our key distribution partners,” said David Giunta, president and chief executive officer of Natixis Global Associates, in the announcement. “Matt’s appointment will bring his extensive experience as head of global relationships to bear as the new head of NGA’s growing retirement strategies group. We will be well served by his knowledge and expertise as we partner with clients to maximize and strengthen their presence in the retirement market.”  

More information about NGA is at http://www.ga.natixis.com. 

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