Affiliated Computer Services and UBS Global Asset Management have announced a new strategic alliance that will offer Fortune 500 plan sponsors an end-to-end retirement solution for defined contribution and defined benefit plans.
The defined contribution (DC) and defined benefit (DB) plans are focusing on providing employees with the means to save more, earn more, and manage the right risks to help them maintain their lifestyle through retirement.
Among the DC & Retirement Solutions Group’s offerings are the recently announced ‘next-generation’ target date funds that seek to offer participants a smoother ride up to and through retirement. The funds are designed to achieve consistent returns by managing four major retirement risks, such as market, shortfall, inflation, and longevity risk, based on a 25-year active global asset allocation process. As part of this offering, UBS Global Asset Management and Affiliated Computer Services (ACS) will make recommendations, based on plan data analysis, on how sponsors can customize their plans to achieve better outcomes for employees.
Kai Sotorp, head of Americas at UBS Global Asset Management, said: Through our alliance, we are committed to providing plan sponsors a ‘next-generation’ platform solution. This will leverage ACS’s industry-leading plan administration capabilities and the complete range of UBS Global Asset Management’s DC and DB retirement offerings, including our asset liability investment solutions.