Product & Service Launches

Income Lab Launches Social Security Optimization Tool to Personalize Retirement Planning

Income Lab, a retirement planning program, launched a Social Security optimization tool to offer financial advisers personalized strategies for clients to determine when to claim benefits. The product intends to create strategies based on certain circumstances such as mortality risk, early retirement and potential benefit reductions.

The tool provides guidance by accounting for several lifespan outcomes, including early morality, and plans around the currently projected Social Security benefit cuts expected by 2033.

The Standard Expands Disability Claims Guidance

The Standard, a provider of financial protection products and services, will enhance its AI-powered disability claims guidance platform across all its insurance products by leveraging technology from EvolutionIQ.

The enhancements include advanced payments, streamlined AI-powered claims guidance, leveraging automation enable timely support for stay-at-work and return-to-work efforts and using advanced tools to synthesize medical data and accelerate claim decisions.

TIFIN Integrates Product with HUB International to Increase Participant Engagement

TIFIN, a financial services company, has integrated its Tifin@Work product to HUB FinPath, a wellness platform by HUB International, an insurance brokerage firm. The integration intends to increase participant engagement in the retirement plans which encompasses more than 9,400 retirement plans with $178 billion in assets.

As part of the integration, HUB will leverage TIFIN @Work to deliver AI–powered financial guidance to plan participants, route participants to financial coaches or other offerings and drive personalized insights.

STOXX, Intercontinental Exchange, Launch Suite of Fixed Income Indices

STOXX and the Intercontinental Exchange have launched a suite of fixed income climate indices. STOXX, like PLANSPONSOR, is owned by ISS STOXX. The Intercontinental Exchange will provide pricing, reference data and index calculations, while STOXX will use its proprietary sustainability data.

Fidelity Launches Managed Futures ETF to Expand Liquid Alternatives Offering

Fidelity Investments launched the Fidelity Managed Futures ETF, a new liquid alternative fund designed to capitalize on market trends using a long-short investment strategy. The fund will trade on the Nasdaq stock market and is available commission-free to individual investors and financial advisors through Fidelity’s online platforms.

With this addition, Fidelity’s ETF platform now includes 79 ETFs and ETPs totaling $111 billion in assets under management. The ETF carries an estimated gross expense ratio of 0.83% and a net expense ratio of 0.80%.