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Products May 10, 2011
Lincoln Now Offering Solution Exclusively through TPAs
Lincoln Financial Group announced that its Lincoln Director group variable annuity-based retirement solution will be available for new sales exclusively through a service model supported by third-party administrators (TPA).
Reported by Rebecca Moore
The Lincoln Director solution will continue to offer plan sponsors fiduciary assistance, employee retirement education and communications, and additional opportunities for plan enhancements through value-added services, the company said.
The company said TPAs offering Lincoln Director can rely on an ongoing partnership with Lincoln that couples relationship and account management support with customer service. As a plan provider, Lincoln Financial’s offering also features fiduciary support, funds management, and accumulation strategies. Current Lincoln Director full-service retirement plan cases will not be affected by the change.
The Lincoln Director investment lineup provides plan participants with an opportunity to choose from 90 investment options from 15 fund families. The program also offers a range of distribution options, including Lincoln’s patented i4LIFE Advantage product.
“While TPA exclusivity for Lincoln Director is the ideal model for the micro-to-small markets, we will continue to offer a suite of competitive, full-service solutions that address the needs of the mid-and-large end of the market,” said Eric Levy, Head of Products, Defined Contribution.