Product & Service Launches

Marsh Introduces BrightPath DC Plan

Marsh introduced Marsh BrightPath, a bundled defined contribution solution designed for multinational employers.

The product provides employers with a global view of how retirement assets are invested, governed and performing across their plans.

BrightPath is available in Australia, Canada, Germany, Ireland, the U.K. and the U.S. It held $116 billion in assets as of June 30 across the platform collectively.

State Street Launches Mutual Fund Share Class of S&P 500 ETF

State Street Investment Management announced the launch of SPYMX, an institutional mutual fund share class of the State Street SPDR Portfolio S&P 500 exchange-traded fund.

SPYMX offers the same underlying exposure as the SPYM ETF through a shared portfolio structure. The share class is available to eligible employer-sponsored and state-sponsored 401(k) and 403(b) plans, as well as other eligible institutional investors.

“Retirement investors shouldn’t have to choose between the operational familiarity of a mutual fund and the scale and efficiency associated with an ETF,” said Anna Paglia, chief business officer at State Street Investment Management.

Prudential Adds AI Claim Management Assistant

Prudential Group Insurance launched Claims Insight Assistant, an artificial intelligence-powered tool that organizes employers’ disability and absence claim information into a summary of status, recent activity and next steps.

Claims Insight Assistant reviews information already contained within Prudential’s claims systems. The capability is available to all the firm’s group insurance customers with access to disability and absence claims on Prudential’s benefit center employer portal.