Products October 14, 2009

State Street Expands Hedge Fund Services Offering

October 14, 2009 (PLANSPONSOR.com) - State Street Corporation has added custody, cash management, and foreign exchange services to its suite of front-, middle- and back-office administration services for hedge funds.
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The company said the expanded service s offering is in response to growing interest from hedge fund managers seeking to diversify risk by moving more services to global custodians during a challenging market environment. The expanded services include deposit and custody services for cash, as well as securities processing and safekeeping in more than 100 markets worldwide.

In addition, State Street’s hedge fund customers have streamlined access to a range of products such as foreign exchange services, which are available through State Street Global Markets, the company’s investment research and trading arm.

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” Counterparty risk is a heightened concern among hedge fund managers who are assessing safekeeping options for their c ash and other assets,” said Jack Klinck, executive vice president and global head of State Street’s Alternative Investment Solutions group , in a press release . ” By combining traditional custody services with our full complement of middle office, fund accounting, fund administration and risk services, we can offer our customers seamless service delivery thro ugh an integrated solution set.”

More information is at www.statestreet.com .

Products October 13, 2009

ING Announces New Retirement Planning Tool

October 13, 2009 (PLANSPONSOR.com) - ING's U.S. Retirement Services operation has introduced a new Web tool for customers to help them determine if they are on track to achieve their financial objectives in retirement.
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According to a news release, My Retirement Outlook provides both a retirement and a paycheck analysis function for users – not only telling users how much they will need at retirement, but whether they can afford to save that much on a per-paycheck basis. It also factors in the user’s defined benefit plan assets, Social Security benefits, and personal savings into the calculations.

In the retirement portion of the tool, users can estimate how much they need to save annually – and per paycheck – in order to reach their financial objectives.  In the paycheck portion they can see how various savings amounts will impact their take-home pay today.

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Though the tool was specifically introduced for education professionals using the ING Educator’s Direct 403(b) offering in Delaware, it is available to all ING clients. ING introduced the ING Educator’s Direct 403(b) Program, a variable annuity issued by ING Life Insurance and Annuity Company, to education professionals in Delaware in January (see ING Introduces Educator’s Direct 403(b) Program ). The news release said school districts in other states are expected to get access to Educator’s Direct in the coming months.

More information is at www.ingeducatorsdirect.com .

My Retirement Outlook is available to anyone free of charge under the “Tools & Calculators” section of www.ingretirementplans.com , and it will also be featured on a number of other ING customer Web sites.

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