Vangard Unveils Defined Benefit Plan Service

Vangard has developed a new service that will allow participants of private-sector defined benefit (DB) pension plans to choose a payout option. Vangard says that it is addressing the trend it is seeing of steadily declining enrollments for DB plans. This is due to the Pension Protection Act, which will result in some plans terminating and distributing assets to clients in 2012.

To address the issue Vanguard is rolling out its Pension Reinvestment Services at no charge to its clients. The progra

To continue reading...