Standard Insurance Announces New Retirement Savings Tool

According to the announcement, Portfolio Progression creates a personal investment strategy based on a participant’s individual risk tolerance and target retirement age.   The service automatically transitions the participant’s retirement portfolio to increasingly conservative allocations between the date of enrollment in the service and the target retirement age.

Participants complete a questionnaire to help determine which of six asset allocations to choose as a starting portfolio, the announcement said.   StanCorp Investment Advisers manage the fund selection for each portfolio allocation.   There is no fee to use the service.

Product information can be obtained by emailingChris Dugan at cdugan@standard.com .