Products October 17, 2011

ING Launches Education Campaign

October 17, 2011 (PLANSPONSOR.com) - ING’s U.S. Retirement operation is launching a customer education campaign to coincide with National Save for Retirement Week, which takes place October 16-22.  

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The theme of the campaign is the “Big Picture,” and it encourages individuals to start picturing where they would like to be in retirement so they will be motivated to take positive action.

According to a press release, the campaign reminds individuals to create and review a comprehensive strategy, which includes leveraging their company-sponsored retirement plan. ING’s “Big Picture” initiative provides a broad selection of print and electronic materials that employers and distribution partners can customize with their own plan logo and a call to action. 

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The campaign also points to several online tools and resources from ING that investors can refer to for planning, such as www.INGYourNumber.com, www.INGCompareMe.com, and My Retirement Outlook. These tools allow users to calculate the amount they need to reach their goals, compare their savings to others like them, and identify potential savings gaps.

“No matter where you are on the path to planning and saving for retirement, ING believes everyone can benefit by taking a step back and examining the big picture,” said Maliz Beams, CEO of ING U.S. Retirement, in the announcement. “The responsibility for funding retirement has increasingly shifted onto the shoulders of working Americans. Developing a holistic approach to planning — by saving both in and out of the workplace — and seeking out advice, education, and guidance when needed are critical to reaching your goals.”

Products October 17, 2011

Vanguard Announces Changes to Target Date Fund Series

October 17, 2011 (PLANSPONSOR.com) - Vanguard is planning to introduce a new fund to its Target Retirement Funds in early 2012 and merge two funds with similar asset allocations.
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The Vanguard Target Retirement 2005 Fund will merge with the Vanguard Target Retirement Income Fund as their asset allocations become nearly identical. The Target Retirement Funds are designed to reach an allocation of 65% bonds, 30% stocks, and 5% short-term reserves within seven years after their target date, according to a press release. The 2005 Fund will be closed to new investors, effective immediately.

Vanguard has also filed a registration statement with the U.S. Securities and Exchange Commission for the Vanguard Target Retirement 2060 Fund, which is aimed at investors who plan to retire and leave the workforce in or within a few years of 2060. At the time the fund is launched in early 2012, those investors will be 18 to 20 years old.  

The expense ratio of the 2060 Fund is expected to be 0.18%, similar to that of the other funds in the lineup. The expected initial allocation is 63% Vanguard Total Stock Market Index Fund; 10% Vanguard Total Bond Market II Index Fund; and 27% Vanguard Total International Stock Index Fund.  

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For more information, visit http://www.vanguard.com.

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