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Products October 15, 2007
ACS/UBS Alliance Offers Sponsors End-to-End DC and DB Solution
October 15, 2007 (PLANSPONSOR.com) - Affiliated
Computer Services, Inc. (ACS) and UBS Global Asset Management
have announced the formation of a new strategic alliance that
will offer FORTUNE 500 plan sponsors an end-to-end retirement
solution for defined contribution and defined benefit
plans.
Reported by Rebecca Moore
Kai Sotorp, Head of Americas, UBS Global Asset Management, said in the announcement the new platform solution will leverage ACS’ plan administration capabilities with UBS Global Asset Management’s DC and DB retirement offerings, including its Asset Liability Investment Solutions.
Among the UBS DC & Retirement Solutions Group’s offerings are the recently announced target date funds that are designed to achieve more consistent returns by managing four major retirement risks – market, shortfall, inflation, and longevity – based on a 25-year active global asset allocation process, the announcement said.
As part of this offering, UBS Global Asset Management and ACS will make recommendations, based on plan data analysis, on how sponsors can customize their plans to achieve better outcomes for employees.
About the new alliance, David Bywater, Senior Managing Director, ACS Human Capital Management Solutions, added: “This offering will allow plan sponsors to concentrate on their core competencies and strategic business objectives.”
More information about ACS is at www.acs-inc.com . More about UBS is at www.ubs.com .
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