Target date fund

OneAmerica® Target Date Series Goes Beyond ‘One-Size-Fits-All’ Approach

Retrieved on: 
Monday, July 13, 2020
Banking, Professional services, Insurance, Finance, Investment funds, Target date fund, Investment management, Actuarial science, OneAmerica Financial Partners, Asset allocation, Financial services

As part of the companys commitment to product innovation and customization, OneAmerica today announced a user-friendly solution to retirement investing with the new RetirementTrack target date series, the companys first foray into multi-glidepath funds.

Key Points: 
  • As part of the companys commitment to product innovation and customization, OneAmerica today announced a user-friendly solution to retirement investing with the new RetirementTrack target date series, the companys first foray into multi-glidepath funds.
  • RetirementTrack, which launched June 1, goes beyond traditional target date funds (TDFs), which tie asset allocation to age and retirement date.
  • The industry has seen such a rise in traditional target date funds because they can be a great option for many people, said Sandy McCarthy, president of Retirement Services at OneAmerica.
  • Where traditional target date funds have one-size-fits-all limitations, RetirementTrack allows participants to customize investments in a way that meets their individual needs and objectives.

First of Its Kind Solution Helps Americans Meet Retirement Income Needs by Joining Target Date Fund Investing with Protected Lifetime Income

Retrieved on: 
Tuesday, January 21, 2020
Banking, Software, MEN, Accounting, Professional services, Family, Consumer, Technology, Women, Human resources, Seniors, Finance, Consulting, Annuities, Finance, Money, Economy, Actuarial science, Investment funds, Insurance in the United States, United States contract law, Target date fund, Life annuity, Lincoln Financial Group, Capital Group

This unique solution combines the features and benefits of an annuity with the simplicity and efficiency of a target date fund.

Key Points: 
  • This unique solution combines the features and benefits of an annuity with the simplicity and efficiency of a target date fund.
  • Today, we are announcing American Funds target date investing with Lincolns protected lifetime income solution to help investors fund the life they desire in retirement when facing increasingly longer lifespans.
  • By including Capital Groups American Funds Target Date series strategy within Lincoln Financial Groups new variable annuity solution, customers can realize the benefits of glidepath investing, while also receiving protected lifetime income at a high income rate.
  • 1 Greenwald & Associates and CANNEX, Fifth Annual Guaranteed Lifetime Income Study (GLIS), 2019
    2 Alliance for Lifetime Income, Protected Lifetime Index Study, 2019
    3 Mercer June 2019 survey; https://www.mercer.us/our-thinking/wealth/target-date-funds-highlights-a...

Fidelity® Q3 2019 Retirement Analysis: Volatility Drives Slight Dip in Average Account Balances, but the Majority of Retirement Savers “Stayed the Course”

Retrieved on: 
Thursday, November 14, 2019
Finance, Banking, Seniors, Consumer, Professional services, Retirement plans in the United States, Finance, Money, Economy, 401, Target date fund, 403, Solo 401

Among workers saving in a 403(b)/tax exempt account, the 10-year continuous balance reached $179,000, more than four times the average balance for this group in Q3 2009.

Key Points: 
  • Among workers saving in a 403(b)/tax exempt account, the 10-year continuous balance reached $179,000, more than four times the average balance for this group in Q3 2009.
  • Target date funds are often used as a default investment option for employers who automatically enroll employees in their workplace savings plan.
  • The majority of 401(k) savers stayed the course and did not make changes within their 401(k) investments.
  • Almost all (82.7%) of those savers who made some sort of change to their investments only made one.

J.P. Morgan Brings New Capabilities to Target Date Compass© Program

Retrieved on: 
Monday, October 14, 2019
Economy, Funds, Investment, Target date fund, TDF, Target Corporation

NEW YORK, Oct. 14, 2019 /PRNewswire/ -- J.P. Morgan Asset Management today announced enhancements to Target Date Compass, the target date fund (TDF) analysis tool used by advisors to help plan sponsors evaluate and select funds with greater knowledge and confidence.

Key Points: 
  • NEW YORK, Oct. 14, 2019 /PRNewswire/ -- J.P. Morgan Asset Management today announced enhancements to Target Date Compass, the target date fund (TDF) analysis tool used by advisors to help plan sponsors evaluate and select funds with greater knowledge and confidence.
  • The enhanced Target Date Compass delivers new search capabilities that allow advisors to more quickly find the funds that align to plan sponsor goals, while new filters enable them to easily narrow down the target date universe.
  • "Since Target Date Compass was launched in 2008, the program has been a standard bearer for target date fund evaluation.
  • Each enhancement made to Target Date Compass is designed to make this process easier and smarter, resulting in more informed target date fund decisions," said Meghan Jacobson, CFA, Executive Director, J.P. Morgan Asset Management.

Nuveen Adds Target Date Collective Investment Trust Series to its Retirement Product Suite

Retrieved on: 
Monday, October 14, 2019
Professional services, Finance, Finance, Money, Economy, Funds, Investment, Andrew Carnegie, TIAA, Nuveen, Target date fund, Investment fund, Registered Investment Adviser, Companies listed on the New York Stock Exchange, Nuveen, SEI Trust Company, SEI

Nuveen, a leading global investment manager, has enhanced its target date fund solutions offering with the introduction of the Nuveen TIAA Lifecycle Blend CIT series.

Key Points: 
  • Nuveen, a leading global investment manager, has enhanced its target date fund solutions offering with the introduction of the Nuveen TIAA Lifecycle Blend CIT series.
  • Collective investment trusts offer an attractive investment framework for plan sponsors and their advisors and consultants who are focused on cost-effective investment solutions, said Jeff Eng, managing director and head of retirement products at Nuveen.
  • This new blended target date fund CIT series helps meet a growing demand in the 401(k) market space.
  • Nuveen Solutions comprises a team of investment professionals who are shared between Nuveen Asset Management, LLC (NAM) and Teachers Advisors, LLC (TAL), both Nuveen-affiliated registered investment advisers.

T. Rowe Price Announces Multi-Phase Leadership Transition In Target Date Franchise

Retrieved on: 
Tuesday, September 24, 2019
Finance, Money, Economy, Funds, Investment, Target date fund, T. Rowe Price, Bond fund

Jerome Clark, CFA, whoco-manages T. Rowe Price's multi-asset target date strategies, will step away from day-to-day portfolio management effective January 2021.

Key Points: 
  • Jerome Clark, CFA, whoco-manages T. Rowe Price's multi-asset target date strategies, will step away from day-to-day portfolio management effective January 2021.
  • Following this 15-month transition period, Mr. Clark will remain with the firm and focus on strategic initiatives for the Multi-Asset division and target date franchise.
  • Wyatt Lee, CFA, co-portfolio manager of the firm's multi-asset target date strategies with Mr. Clark, will become head of Target Date Strategies, a new role with oversight of the full target date team, effective October 2019.
  • The target date funds' allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time.

Voya Launches Innovative New Target Date Solution for Retirement Plan Participants

Retrieved on: 
Wednesday, September 4, 2019
Seniors, Finance, Consulting, Banking, Professional services, Consumer, Finance, Economy, Money, Investment, VOYA, Voya Financial, Target date fund, ING Group, New York Stock Exchange

Voya Financial, Inc. (NYSE: VOYA), announced today that its Retirement business has added a new target date fund solution.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that its Retirement business has added a new target date fund solution.
  • The innovative new solution is designed to address the unique retirement needs of all individual plan participants.
  • MyCompass Index combines the ease of target date fund selection with the unique needs of plan participants.
  • Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings to get ready to retire better.

Fidelity Investments® Brings Even Greater Value to Index Target Date Investment Products

Retrieved on: 
Wednesday, June 5, 2019
Professional services, Banking, Finance, Finance, Money, Economy, Funds, Investment, Target date fund, Index fund, Asset allocation

The Fidelity Freedom Index Funds and FIAM Index Target Date Commingled Pools are co- managed by Finola McGuire Foley, Andrew Dierdorf and Brett Sumsion, who are supported by Fidelitys global investment and research teams.

Key Points: 
  • The Fidelity Freedom Index Funds and FIAM Index Target Date Commingled Pools are co- managed by Finola McGuire Foley, Andrew Dierdorf and Brett Sumsion, who are supported by Fidelitys global investment and research teams.
  • Fidelity is dedicated to remaining at the forefront of target date design and innovation, reflecting its long-term commitment to serving millions of investors saving for their retirement.
  • The investment risk of each Target Date strategy changes over time as its asset allocation changes.
  • Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond.

Fidelity® Q1 2019 Retirement Analysis: Account Balances Rebound from Dip in Q4, While Savings Rates Hit Record Levels

Retrieved on: 
Thursday, May 9, 2019
Professional services, Banking, Finance, Finance, Money, Economy, Investment, Retirement plans in the United States, Defined contribution plan, Pensions, 401, Target date fund, Futures contract

As of Q1 2019, 52% of individuals had all of their 401(k) savings in a target date fund, compared with just 16% in Q1 2009.

Key Points: 
  • As of Q1 2019, 52% of individuals had all of their 401(k) savings in a target date fund, compared with just 16% in Q1 2009.
  • For more information on Fidelitys Q1 2019 analysis, please click here to access Fidelitys Building Futures overview, which provides additional details and insight on retirement trends and data.
  • Fidelitys mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve.
  • 2 Analysis based on 22,800 corporate defined contribution plans and 16.9 million participants as of March 31, 2019.

Vestwell to Add Multi-Manager Target Date Model Portfolios from Morningstar Investment Management

Retrieved on: 
Tuesday, April 16, 2019
Finance, Economy, Investment, Service companies, Morningstar, Inc., Target date fund

NEW YORK, April 16, 2019 /PRNewswire/ -- Vestwell , a digital retirement platform, announced today the launch of a service combining 3(38) fiduciary line-up services with target date model portfolios from Morningstar Investment Management LLC , a provider of discretionary investment management and advisory services.

Key Points: 
  • NEW YORK, April 16, 2019 /PRNewswire/ -- Vestwell , a digital retirement platform, announced today the launch of a service combining 3(38) fiduciary line-up services with target date model portfolios from Morningstar Investment Management LLC , a provider of discretionary investment management and advisory services.
  • This series of target date model portfolios, built from one of the line-ups created by Morningstar Investment Management, will give Vestwell advisors exclusive access to a new set of target-date strategies.
  • These model portfolios, coupled with Morningstar Investment Management's fiduciary support, will be delivered through Vestwell's modernized retirement platform.
  • Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $193 billion in assets under advisement and management as of Dec. 31, 2018.