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ING devises new asset allocation program

INGs U.S. Retirement division devised a new asset allocation program to help 401(k) plan participants convert their savings to a guaranteed stream of income that will last through retirement.

By Paula Aven Gladych | Updated on January 13, 2012

ING’s U.S. Retirement division devised a new asset allocation program to help 401(k) plan participants convert their savings to a guaranteed stream of income that will last through retirement.

The ING Lifetime Income Protection Program will initially be offered to customers in ING’s corporate defined contribution plans. It provides participants with a series of target date asset allocation models that help build critical retirement savings followed by an income benefit for life, guaranteed by multiple leading insurers.

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