Transamerica Introduces Investment-Only Stable Value Solutions for Retirement Plans

Transamerica Expands Investment-Only Access to Stable Value Solutions

Transamerica has made a significant stride in retirement planning solutions by announcing the immediate availability of an Investment Only version of its well-regarded Transamerica Guaranteed Investment Option (GA SVIO). This new offering is designed to cater to retirement plans managed by various third-party recordkeepers, thereby broadening access to a reliable investment strategy focused on capital preservation.

Aiming for Stability in Retirement Plans

In the ever-evolving landscape of retirement investments, stability remains a crucial element for both plan sponsors and participants. As Gregg Holgate, the head of in-force management and client engagement at Transamerica, stated, “Plan sponsors and financial professionals want stability for their retirement plan participants without sacrificing progress.” This sentiment mirrors the desires of many investors who want assured, predictable returns while minimizing risks to their principal amount. The innovative Investment Only version of the Transamerica Guaranteed Investment Option fulfills these needs by representing a steadfast capital preservation strategy.

Key Features of the New Offering

The Investment Only option is structured to provide several key features:
1. Principal Protection: It ensures that participants can preserve their savings and plan with confidence, safeguarding their financial future.
2. Flexible Exit Provisions: With book-value termination periods available at one, three, or five years, the product accounts for diverse investor needs. Immediate termination may also be available but could involve a market value adjustment (MVA).
3. Portability: This aspect simplifies transitions across recordkeeping platforms by leveraging the National Securities Clearing Corporation (NSCC), making it easier for participants to manage their investments.
4. Choice: Options are provided for existing contracts, accommodating cases like absorbing an MVA or facilitating spread-pay situations.
5. Revenue-sharing Arrangements: Tailored to meet the unique needs of different plans and platforms.

Leadership Changes to Support Expansion

To fuel this new initiative, Transamerica has appointed two managing directors focused on stable value investment solutions nationwide. Chris Solimine will oversee operations in the eastern region, bringing with him a wealth of experience in stable value and multi-asset strategies catered to retirement plans. Meanwhile, Brian Simms will spearhead efforts in the west, utilizing his extensive expertise in institutional retirement sales. With their leadership, Transamerica aims to provide personalized support and strategic guidance to plan sponsors nationwide.

How to Learn More

Financial professionals and plan sponsors interested in learning more about the Transamerica GA SVIO resources can reach out directly for additional information. Transamerica is dedicated to supporting the financial futures of its clients by offering innovative and forward-thinking products.

About Transamerica

With a history spanning over 120 years, Transamerica believes in empowering individuals to lead their best lives. Serving over ten million Americans, the company is dedicated to providing top-tier life insurance, retirement, and investment solutions. In 2024, it made significant contributions to customer welfare by paying out more than $62 billion in claims and benefits, exemplifying its commitment to helping Americans realize their financial aspirations.

As part of the Aegon group, a global financial services organization, Transamerica is positioned to continue innovating in ways that offer tangible support to customers on their financial journeys. Visit Transamerica's website for further details on their products and services.