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New York Life says it will be working closely with Legg Mason, and Legg Mason's QS Investors unit, to develop variable annuity investment menus.
The New York-based life insurer has been working to promote news about the expansion of the relationship.
New York Life first put QS Investors model portfolios in its variable annuities in May. The portfolios have attracted about $100 million in assets, the company says.
The asset managers at QS Investors say they use knowledge of investor behavior patterns to create portfolios that may resist temporary swings in investor sentiment.
Franklin Templeton acquired Legg Mason July 31.
Employers and Associations
Principal Financial Group, Des Moines, Iowa, says it's working with Ubiquity Retirement + Savings to introduce the Simply Retirement by Principal program.
The program will make it cheap and easy for employers with fewer than 100 employees to set up retirement plans online, without seeing a financial professional face-to-face.
An employer will pay a $500 setup fee and $150 per month for recordkeeping, Principal says.
