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-Newport, Analect team on hedging strategy.

BANKING AND CREDIT NEWS-March 19, 2013--Newport, Analect team on hedging strategy(C)2013 M2 COMMUNICATIONS

19 March 2013 -- Florida, USA-based retirement services firm The Newport Group said that it has entered into a strategic alliance with non-qualified plan analytics provider Analect Benefit Finance to provide total return swaps to companies that offer executive retirement plans.

The swaps are meant to mitigate the income statement impact often associated with these programs.

Newport said that its automated systems provide for facilitation and administration of the total return swap, as well as the integration of the financial and tax reporting with the sponsor's financial reporting processes.

The company said that its staff of accountants and plan administrators handles all the details and provides a comprehensive monthly reporting package to the plan sponsor.

Founded in 1984, The Newport Group specialises in the design and administration of retirement and executive benefit plans.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:4EUUK
Date:Mar 19, 2013
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