For more stories like this, sign up for the PLANADVISERdash daily newsletter.
Deals & People November 4, 2009
Johnson Tapped for New York Life Retirement Post
New York Life Insurance Company has turned to Tom Johnson as head of business development for Retirement Income Security.
Reported by Fred Schneyer
A New York Life news release said Johnson has responsibility for overall business development of Retirement Income Security products, which include income and investment annuities, long-term care insurance, and mutual funds, with an emphasis on defined contribution plans and 401(k) rollover options.
Johnson reports to Chris Blunt, executive vice president in charge of Retirement Income Security.
Johnson joins New York Life with 33 years in this industry, most recently with MassMutual as senior vice president, Retirement Income, Strategic Business Development, where he led business development of their retirement income platform. He also worked at Federated Investors, Inc., and his family firm, The Johnson Companies.You Might Also Like:
BlackRock Makes TDF With Annuity Option Its Plan QDIA
BlackRock plan participants will now be defaulted into its LifePath Paycheck, which offers an option to annuitize a portion of...
Morningstar Drops Recommended Safe Withdrawal Rate to 3.7%
According to analysts, higher equity valuations and lower fixed-income yields caused them to reduce their average safe withdrawal rate from...
EBRI Panel: DC Plans, Social Security Can Create Strong Retirement Security Net
Panelists speaking at the institute’s winter policy forum made the case that a strengthened defined contribution system can partner well...