Beginning March 29: To help insurance agents and financial advisors like you guide clients in making critical wealth, health and life decisions we will be moving our coverage from to

Our comprehensive coverage will help you expand your knowledge base and adapt a new client-centric approach that incorporates both insurance and investment solutions.

ThinkAdvisor’s new Life/Health channel is your roadmap to thriving in a disrupted environment.


Filed Under:Annuities, Variable

Transamerica promotes education policy statements for retirement plans

Image courtesy of [image creator name] /

Image courtesy of [image creator name] /

Transamerica Retirement Solutions (Transamerica), Baltimore, Md., recently released a white paper that stresses the importance of the education policy statement as a crucial component of retirement plan fiduciary management.

The paper titled. “Creating an Education Policy Statement” strives to spur advisors to make use of the education policy statement as a natural extension of the Investment Policy Statement.

Providing detailed structure for the plan’s employee education efforts while establishing parameters and benchmarks to measure progress, the education policy statement, while not required by the Employee Retirement Income Security Act, is an important tool for administering a plan and assessing its performance.

The paper examines the ingredients of a successful education policy statement for retirement plans breaking it down to five elements: Clear plan purpose; plan objectives; education goals; measurements and benchmarking; and well-defined roles and responsibilities.

“American workers are grappling with a high degree of uncertainty when it comes to planning for their retirement. This white paper outlines how plan sponsors and financial advisors can establish a plan to help educate employees to improve their retirement readiness,”said Stig Nybo, president of pension sales and distribution for Transamerica Retirement Solutions.







Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting


Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.