Product and Service Launches | PLANSPONSOR
Summary
On March 21, Empower announced partnerships with asset managers and insurance providers to supply plan sponsor clients with a menu of guaranteed retirement income options. By offering a white-label option, non-retirement third-party administrators can grow their businesses and deepen their existing relationships while also maintaining a cohesive brand experience, said Hilarie Aitken, Navia’s CEO, in a statement. “It’s imperative that our investment options help meet the diverse needs of our clients,” said Brian Kraus, Hartford Funds’ senior vice president for systematic ETFs,” in a statement. The portfolio is selected from more than 1,000 companies focusing on achieving net zero with a just transition lens, defined by the International Labour Organization as “greening the economy in a way that is as fair and inclusive as possible to everyone concerned, creating decent work opportunities and leaving no one behind.” The investment universe is diversified by geography, size and sector, with technology, industrials and materials represented. The launch coincided with the 100th anniversary of the mutual fund and provides advisers with additional control to meet growing client demand for personalized portfolios, according to Betterment’s announcement.