Symetra Expands 403(b) Team

June 24, 2009 (PLANSPONSOR.com) - Symetra Financial announced that Ernest Jordan has joined the company as managing director of the company's 403(b) Group Distribution Channel.

In this role, Jordan will be responsible for the management and development of new retirement plans business with public school districts and other qualified tax-exempt 403(b) relationships, according to the announcement. In addition, he will help direct wealth management product distribution both through independent financial advisers and franchise producers affiliated with the Symetra Investment Services, Inc. broker dealer.

Jordan will join Symetra’s existing 403(b) team to expand the level of administration services, education and outreach that Symetra provides directly to school districts nationwide. He will work closely alongside Symetra’s 403(b)/457 executive vice president Scott Bartholomaus and Joanne Henderson, 403(b)/457 vice president, to complement the team’s ongoing business development.

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Jordan has held a variety of senior management positions focused on retirement-related product strategy and distribution. He began his career as a financial adviser at VALIC and later moved into a management role at the company serving as senior vice president of National Markets and Group Relationships.

In April, Symetra unveiled its Savings for Schools program providing 403(b) plan tools, education and resources to school districts (see Symetra Offers New Program for K-12 403(b) Sponsors ).

FTSE in Partnership for Currency Indexes

June 23, 2009 (PLANSPONSOR.com) - FTSE Group and Record plc, a specialist currency investment manager, have hashed out an agreement to create a new range of currency Forward Rate Bias (FRB) indexes.

The indexes will aim to provide investors with a passively managed and transparent benchmark for currency FRB returns, used for portfolio construction, index-tracking and benchmarking, according to a news release.

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class=”pressrelease1″> “This new co-operation combines FTSE’s global brand equity, track record in strategic partnerships and renowned indexing expertise with Record’s comprehensive knowledge of currency investment management,” said Mike Bruno, head of Fixed Income at FTSE Group, in the announcement.

class=”pressrelease1″> More information is available at www.ftse.com

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