Standard Insurance Co., a Portland, Ore.-based subsidiary of StanCorp Financial Group Inc., has created a new retirement savings tool, Portfolio Progression, for retirement plan participants.
Portfolio Progression has been designed to create a personal investment strategy based on a participant’s individual risk tolerance and target retirement age. The service automatically transitions the participant’s retirement portfolio to increasingly conservative allocations between the date of enrollment in the service and the target retirement age. A questionnaire completed by each participant helps determine which asset allocations to choose as a starting portfolio.
For more information, visit www.standard.com.
Was this article valuable?
Here are more articles you may enjoy.
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
