Products February 25, 2009

Mercer Launches Online Retirement Planning Tools

Mercer has recently added two personalized online retirement planning tools to its base service offering for defined contribution (DC) plan administration clients.
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The new tools, MyView and MyView Plus, provide an interface to highlight a participant’s current savings strategy and potential retirement income, according to a Mercer news release.

The MyView Retirement Planner is an online tool that automatically populates certain personal data points that are kept on file by the recordkeeper, such as salary, current account balance, and other demographic-type information. It then allows users to create a variety of financial scenarios by sliding tabs to increase or decrease such inputs as current and anticipated retirement age, annual income, employee contribution rate, employer match, anticipated pension income, and other possible sources of retirement income.

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The MyView Plus Retirement Planner offers greater customization and modeling power for those who want a more in-depth view of retirement income scenarios, the news release said. In addition to the information found in the basic MyView tool, users can input a broad array of investments and assets from accounts other than the workplace DC plan, including spousal savings and income as well as details about post-retirement expenses. Users then receive a detailed chart that compares future income and expenses with total savings and anticipated length of retirement.

Both MyView and MyView Plus reside on Mercer’s secure, password-protected participant Web site, the company said.

Deals & People February 25, 2009

Callanan to Lead UBS Equity Compensation Group

Robert J. Callanan, Jr. has been named a Managing Director at UBS, supporting corporate plan sponsors and providing wealth management and education services to their stock plan employees in coordination with UBS’s Corporate Employee Financial Services (CEFS) business.
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This appointment marks the continued expansion of UBS’s network of CEFS financial advisers, UBS said in an announcement. Prior to joining UBS, Callanan spent 19 years with Smith Barney as a Corporate Client Group Director. Previously, he was a senior financial consultant with Merrill Lynch.

Joining the firm with Callanan is The Callanan Group: a team of six licensed professionals who specialize in executive and management equity compensation plans that provide awards to senior corporate managers.

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The Callanan Group assists corporate executives with regulatory filings and SEC Rule 144, founder’s stock, and 10b5-1 corporate insider plans and trading. For client companies, The Callanan Group also offers access to a broader suite of financial and retirement planning and related wealth management services for corporate employees as well as participant education to help people understand their equity compensation.

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