Transamerica Announces New Mutual Fund Platform with Expanded Target Maturity Choices from Three Industry Leaders.
LOS ANGELES -- Transamerica Retirement Services today introduced a new mutual fund platform for company-sponsored retirement plans. The new platform offers an investment line-up with no proprietary fund requirements. Target maturity funds are included from three fund families, a choice often made available only to larger plans by most providers. The new mutual fund platform features flexible pricing, presenting financial advisors with the ability to build a competitive retirement plan that is tailored to meet the needs of plan sponsors in the small and mid-sized markets.
The new mutual fund platform gives financial advisors and plan sponsors the flexibility to work with a third party administrator (TPA), or receive bundled, full-service capabilities from Transamerica. The key features of Transamerica's new platform include:1
* Diverse array of 300 funds
* Multi-manager investment approach including 35 respected fund families
* No proprietary fund requirements
* Target maturity funds from The Vanguard Group, American Century Investments, and T. Rowe Price
* Multiple stable value funds
* Flexible and competitive pricing structure
* Availability starting at a low asset minimum of $1 million
* Fiduciary warranty offering additional protection to plan sponsors, with specific guidelines for helping sponsors develop an investment line-up
"Today's launch of the new mutual fund platform further strengthens Transamerica's position as a leader in the advisor and TPA-dominated market segment," said Stig Nybo, president of Transamerica Retirement Services. "This is a very competitive solution for advisors and TPAs who are committed to offering innovative and in-demand features to plan sponsors in the small and mid-sized markets."
About Transamerica Retirement Services
Transamerica Retirement Services ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company, 4 Manhattanville Road, Purchase, New York 10577, and other of its affiliates, designs customized retirement plan solutions to meet the unique needs of small- to mid-sized businesses. Transamerica Retirement Services ranked among the top plan providers2 in a recent PLANSPONSOR([R])Magazine Defined Contribution Survey and has more than 15,0003 retirement plans totaling more than $13.23 billion in assets. The Vanguard Group, American Century Investments, and T. Rowe Price are not affiliated with Transamerica. For more information about Transamerica, please refer to www.TA-Retirement.com.
The Transamerica Advisor Series plan administration services are provided by Transamerica Retirement Services Corp. ("Transamerica" or "Transamerica Retirement Services") or an affiliate, and funds are distributed by Diversified Investors Securities Corporation, a registered broker-dealer and an affiliate of Transamerica Retirement Services. Transamerica specializes in the promotion of retirement plan products and services. All investments involve risk, including loss of principal and there is no guarantee of profits. Investors should carefully consider their objectives, risk tolerance and time horizon before investing. The prospectus for each fund (other than for Stable Value investment choices, which are not mutual funds) contains this and other information about that fund. For copies of any prospectuses, please contact (888) 401-5826. Read each prospectus carefully before investing.
Stable Value investment choices are offered by Transamerica Financial Life Insurance Company ("TFLIC"), 4 Manhattanville Road, Purchase, New York 10577, and Transamerica Life Insurance Company ("TLIC"), 4333 Edgewood Road NE, Cedar Rapids, Iowa 52499. TFLIC is not authorized and does not do business in the following jurisdictions: Guam, Puerto Rico, and the U.S. Virgin Islands. TLIC is not authorized in New York and does not do business in New York. Transamerica Financial Life Insurance Company and Transamerica Life Insurance Company are affiliates of Diversified Investors Securities Corp. and Transamerica Retirement Services Corp.
1 Transamerica Retirement Services reserves the right to eliminate or change the terms of this Fiduciary Warranty prospectively at any time. See Fiduciary Warranty for terms, limitations and requirements.
2 The November 2009 PLANSPONSOR([R])Magazine Defined Contribution Survey results place Transamerica Retirement Services among the top providers out of 46 for retirement plans with up to $50 million in assets based on total number of cups won. See the November 2009 issue of PLANSPONSOR([R]) Magazine for complete results.
3 As of December 31, 2008.
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|Date:||Nov 20, 2009|
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