Administration July 3, 2007

Manager Exodus at Transamerica Investment Management Spurs Restructuring

March 31, 2005 (PLANSPONSOR.com) - Following a mass exodus of managers at Transamerica Investment Management, the subsidiary of Dutch insurer Aegon NV will restructure its equity management team.
Reported by

According to Reuters, four managers with the company – Jeffrey Van Harte, Christopher Bonavico, Kenneth Broad, and Daniel Prislin – have all left for another unnamed investment management company. The company made it clear they were not leaving for a hedge fund.

With the exodus, the company has announced that Kirk Kim and Ed Han will now co-manage the Small/Mid Growth and multi-cap funds as of Friday. They will be joined by company president and chief investment officer Gary Rolle on the multi-cap management team.

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As of the end of 2004, Transamerica has $22 billion in mutual funds, fund of funds, retirement plans and separately managed accounts.

Benefits July 2, 2007

The Best Default for Your Retirement

July 2, 2007 (PLANSPONSOR.com) - After Congress passed the Pension Protection Act last year, 401ks were supposed to be easier to get into.
Reported by

The PPA allowed companies to automatically enroll their employees. But, regulators still have to decide what plans works best. Conservative “stable value plans” backed by insurance companies, or riskier “life cycle” or target date funds,” a mixture of stocks and bonds that change over time, backed by mutual funds.

Recently PLANSPONSOR CEO and Founder Charles Ruffel was interviewed on the subject of “The Best Default for Your Retirement.”

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text and audio of the interview are online (about 7 minutes into the program) at http://marketplacemoney.publicradio.org/display/web/2007/06/22/retirement_default/

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