Products January 12, 2009

ING Introduces Educator's Direct 403(b) Program

ING has 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.
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According to a press release, the program makes retirement saving easier by offering a fund menu consisting solely of target-date maturity funds, and providing education, enrollment, and account management entirely online. In addition, online video tutorials provide information on the importance of saving for retirement, and the program’s online calculators are designed specifically for education professionals, the announcement said.

There are no minimums to get started, and the program offers competitive fees, according to ING.

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In 2008, ING was one of 13 companies selected as a provider for the State of Delaware’s 403(b) Plan, which is available to employees at 39 Delaware educational institutions including the State Department of Education, all public and charter schools, and two higher education institutions.

 

 

More information is available at www.INGEducatorsDirect.com.

Products January 12, 2009

John Hancock Relaunches Disciplined Value Fund

John Hancock Funds announced it has completed the adoption of the Robeco Boston Partners Large Cap Value Fund and relaunched it as John Hancock Disciplined Value Fund (JVLAX).
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Keith F. Hartstein, John Hancock President and CEO, said in the announcement the Disciplined Value Fund is a core value fund with broad sector representation, and it offers advisers and investors an alternative to the more concentrated approach of the John Hancock Classic Value Fund.

The fund seeks to provide long-term growth of capital primarily through investment in equity securities, with current income as a secondary objective, the announcement said. It pursues its objectives by investing, under normal circumstances, at least 80% of net assets in a diversified portfolio consisting primarily of equity securities of issuers with a market capitalization of $1 billion or greater that are identified by Robeco Boston Partners as having value characteristics.

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The fund will be managed on a day-to-day basis by Robeco Boston Partners.

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