Lincoln Financial Group Launches YourPathsm Portfolios for Employer-Sponsored Retirement Plans
RADNOR, Pa.--(BUSINESS WIRE)--Aug 6, 2018--Lincoln Financial Group (NYSE: LNC) announced today that it has launched a new series of target date portfolios for employer-sponsored retirement plans called YourPathsm portfolios. These target date portfolios, which utilize investments offered by American Funds, American Century Investments, BlackRock and State Street Global Advisors, will be managed along multiple risk-based paths to support a more personalized investment approach based upon financial circumstances and risk tolerance. YourPathsm portfolios can help participants achieve their retirement goals by using flexible and tailored strategies to reduce volatility.
“Unlike standard target date funds driven by retirement age, Lincoln Financial’s YourPathsm portfolios are a more customized solution,” said Ralph Ferraro, senior vice president, head of Product for the company’s Retirement Plan Services business. “Our solution is tailored to meet plan participants’ needs based on where they are in the retirement cycle and their particular risk profile. Working with some of the most prestigious investment managers enables us to tap the best investment strategies, which are then joined with the strength of Lincoln’s stable value product.”
YourPath sm portfolios will offer an active, passive or hybrid portfolio investment strategy with a stable value asset class to help reduce market volatility. Morningstar Investment Management LLC will provide the glide path, portfolio construction and ongoing management for each of the portfolio strategies, delivering fiduciary support as an investment manager under ERISA 3(38).
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $256 billion in assets under management as of June 30, 2018. Lincoln Financial Group is a committed corporate citizen and was named one of the Forbes Best Employers for 2018, is a member of the Dow Jones Sustainability Index North America, and received a perfect score of 100 percent on the 2018 Corporate Equality Index. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
About Retirement Plan Services
For more than 50 years, Lincoln Financial Group’s Retirement Plan Services (RPS) business has been helping savers boost their retirement readiness through employer-sponsored plans. Our retirement plans help employers recruit and retain top talent, while our combination of high-tech and high-touch service creates an engaging customer experience that drives positive outcomes. The RPS business helps people understand how steps they take today can help them get to and through retirement tomorrow. The business serves approximately 1.5 million participants through 20,000 plan sponsors with $68 billion in assets under management as of March 31, 2018.
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CONTACT: Lincoln Financial Group
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: SENIORS PROFESSIONAL SERVICES BANKING CONSULTING FINANCE HUMAN RESOURCES CONSUMER
SOURCE: Lincoln Financial Group
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PUB: 08/06/2018 09:26 AM/DISC: 08/06/2018 09:26 AM