|By Marketwired .||
|August 8, 2014 12:21 PM EDT||
NEWPORT BEACH, CA -- (Marketwired) -- 08/08/14 -- Pacific Life is expanding its retirement plan offerings and making it easier for financial advisors to offer mutual fund solutions for employer-sponsored 403(b)(7) plans. The Pacific Life 403(b)(7) Program is designed for K-12 public school employees and combines the strengths of investment options offered through Pacific Life Funds and dedicated service from a leading retirement-plan service provider, Aspire, to create a cost-effective solution for participants to save for retirement.
Flexible Investment Options
Through Pacific Life Funds, the program can help plan sponsors and participants achieve their investment goals by offering mutual funds based on the principles of diversification and income generation. This enables financial advisors to help their clients select solutions suited to their needs and risk-reward preferences.
The Pacific Life 403(b)(7) Program offers access to the PL Portfolio Optimization Funds -- five target-risk funds that range from conservative to aggressive that make diversification easy. The program also provides access to the PL Fixed-Income Funds -- six fixed-income funds that seek higher levels of income with the ability to adapt to changing market conditions.
With a retirement-plan service provider like Aspire providing recordkeeping services, plan sponsors can receive the support they need to help participants reach their retirement planning goals. For participants, the user website provides access to view account balances, research investment options, and print statements.
For more information about the Pacific Life 403(b)(7) Program, financial advisors are invited to visit www.PacificLife.com or talk to a Pacific Life consultative wholesaler at (800) 722-2333.
About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2014 is compiled by Pacific Life using the 2014 FORTUNE 500® list.
Aspire -- Delivering Smart Retirement Solutions
Aspire Financial Services, LLC is a leading service provider of smart retirement solutions. Serving the industry for over 12 years with a conflict-free, open-architecture retirement planning management system, Aspire offers the most extensive capabilities nationwide for all plan types. Aspire provides a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options through its proprietary technology platform and strategic partnerships. To learn more about Aspire's unique capabilities that deliver smart retirement solutions, visit https://www.aspireonline.com or call 866.634.5873.
Pacific Life and its affiliates do not provide any employer-sponsored qualified plan administrative services or impartial investment advice and do not act in a fiduciary capacity for any plan. Please contact your plan administrator for any questions relating to your plan. Investors should consult their tax advisors and attorneys regarding their specific situations. Pacific Life offers the 403(b)(7) Program. Aspire provides recordkeeping services and is not a broker/dealer or an investment advisor. For information regarding administrative and recordkeeping services for the Pacific Life 403(b)(7) Program, call Aspire at (866) 634-5873. Pacific Life offers the Individual(k) and Keystone 401(k) Programs. Ascensus provides administrative and recordkeeping services for the Individual(k) and Keystone 402(k) Programs and is not a broker/dealer or investment advisor. For information regarding administrative and recordkeeping services for the Pacific Life Individual(k) Program or the Pacific Life Keystone 401(k) Program, call Ascensus, Inc., at (800) 345-6363. Pacific Life and its affiliates are not affiliated with Aspire or Ascensus.
As with any mutual fund, the value of the Funds' holdings will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The Funds are subject to interest-rate risk (bond prices generally fall when interest rates rise) and credit risk (the risk an issuer may be unable or unwilling to meet its financial obligations). Floating-rate loans involve risk of default on interest or principal payments along with risks of bankruptcy and illiquidity. The Funds invest in high-yield bonds (also known as "junk bonds"), which have greater credit risk than higher-quality bonds. The Funds are subject to liquidity risk (the risk that certain investments may be difficult to purchase and sell in adverse market conditions). Investments in foreign markets are subject to currency fluctuations, political changes, and less liquidity than U.S. investments. Investments rated below investment grade are generally subject to greater price volatility and illiquidity than higher-rated investments.
Asset allocation, although intended to provide diversification, does not guarantee future results, ensure a profit, or protect against loss. Better returns could be achieved by investing in an individual fund or funds representing a single asset class rather than using asset allocation. A fund-of-funds is subject to its own expenses along with the expenses of the underlying funds. It is typically exposed to the same risks as the underlying funds in which it invests in proportion to the allocation of assets among those underlying funds. Each underlying fund has its own investment goal, strategy, and risks and is not available for individual purchase. The prospectuses for the underlying funds are available at www.PLFunds.com.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state, or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
You should carefully consider an investment's goals, risks, charges, strategies, and expenses. This and other information about Pacific Life Funds are in the prospectus available from your financial advisor or by calling (800) 722-2333, option 2. Read the prospectus carefully before investing.
Mutual funds are offered by Pacific Life Funds. Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third-party broker/dealers.
Documents and/or Photos available for this release:
The Pacific Life 403(b)(7) Program is designed for K-12 public school employees.
To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 376533
Phone: (949) 219-6916
E-Mail: [email protected]
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
Oct. 26, 2014 04:00 AM EDT Reads: 2,728
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
Oct. 25, 2014 05:00 PM EDT Reads: 1,741
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
Oct. 25, 2014 11:45 AM EDT Reads: 1,861
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
Oct. 25, 2014 10:00 AM EDT Reads: 1,742
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
Oct. 25, 2014 10:00 AM EDT Reads: 1,795
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
Oct. 25, 2014 08:00 AM EDT Reads: 1,816
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
Oct. 24, 2014 09:30 PM EDT Reads: 1,467
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Oct. 24, 2014 09:00 PM EDT Reads: 1,288
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
Oct. 24, 2014 07:00 PM EDT Reads: 1,553
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...
Oct. 23, 2014 11:30 PM EDT Reads: 1,753