Insurance Technology Featured Article

LPL Financial Professionals can Utilize Guardian Insurance Solutions with LPL's Worksite Financial Solutions Platform

June 30, 2014

LPL Financial professionals can now use the LPL Financial’s Worksite Financial Solutions platform which has been integrated with the Guardian Insurance & Annuity Company’ retirement plan products such as the Guardian Choice and the Guardian Advantage.

The integrated solutions are slated to help retirement plan sponsors and financial professionals to seamlessly cater to the requirements of plan participants throughout their financial lives.

The main objective of the LPL Financial’s Worksite Financial Solutions platform is to provide an alternative way to the current irregular method of participant advice, in which most workers receive only rudimentary financial education and a menu of investment options, rather than the personalized financial advice and guidance they need to adequately plan for the future. The platform is said to reflect the vision of LPL Financial Retirement Partners, the retirement plan-focused division of LPL Financial, for the future of the retirement plan advisory services industry, and also encompasses the company’s Employee Transition Solution.

The Guardian is a group variable funding agreement for small and mid-sized employer-sponsored qualified retirement plans. Investment options provided under Choice span the risk/reward spectrum and follow a range of investment goals and there is no pressure on the plan sponsors to choose a particular fund when selecting their investment options. The Guardian Advantage can help small businesses equip their employees with a retirement solution that enables them to save for the long term.

Douglas Dubitsky, vice president of Guardian Retirement Solutions, stated, “As the go-to provider for the small plan market, Guardian is constantly looking for ways to offer large plan services to our micro-to-small plan clients. Plan sponsors who work with Guardian Retirement Solutions and LPL Financial will now have access to powerful employee transition and engagement solutions that will improve the enrollment, management and support experience for retirement plan participants.”

Dubitsky added, “Guardian Retirement Solutions is excited to be part of LPL’s innovative Worksite Financial Solutions platform, which better aligns the needs of participants, sponsors and financial professionals and helps employees manage and grow their retirement plan assets across the full spectrum of their financial lives.”




Edited by Peter Bernstein

Article comments powered by Disqus

Related Insurance Technology Articles

Astoria Company Lead Generation Platform Gets Update

So often the news in the contact center solutions sector has to do with the inbound side of things. Part of this obviously is due to the priority now being placed by C-levels around the world on improving the customer experience so as to not just retain existing customers and encourage inquirers to become new ones, but also to take advantage of the interactions to upsell. However, this does not mean there is a lack of innovation in the outbound side of things as well. [ Read More ]
07/02/2015

UK Health Insurer Vitality Attacked Over Facebook App Use

With wearable technology literally and figuratively changing the face of healthcare insurance as data collected and shared can and will have an impact on rates, a cautionary tale has reared its head in England that is of note. As none other than the BCC documented recently on its website's technology page, U.K.-based health insurer Vitality (former known as PruHealth) has privacy advocates in the U.K. up in arms because of what they believe is a misleading email. [ Read More ]
07/02/2015

SAP SE Launches Cost and Revenue Allocation for Financial Products Application

SAP SE, a company most known for its work with databases, is getting into the financial market in a significant way with the release of its Cost and Revenue Allocation for Financial Products application. The new release will leverage SAP HANA to give executives proper access to financial information and corporate data. [ Read More ]
06/24/2015

AutoClaim Mobile App Acquired by ABT Mining Company to Speed Claims Processing

Mobile app gives drivers tools to gather critical claims information right after an accident to speed processing. [ Read More ]
06/23/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!