IBM has said it will begin a multi-million dollar personal finance and education benefit program for all its United States employees.
IBM has said it will begin a multi-million dollar personal finance and education benefit program for all its United States employees.
IBM is teaming with Fidelity Investments and Goldman Sachs-owned financial adviser The Ayco Company to help develop and deliver the services.
IBM said the step set a new benchmark for corporate retirement planning in the US as the company transitioned from traditional retirement benefits to IBM's new 401(k) Plus Plan in 2008.
The new program is called IBM MoneySmart and is designed to help IBM employees 'get smart' about personal finance.
It combines in-person educational seminars, online tools and confidential, one-on-one personal planning sessions with independent financial experts.
Not so long ago the average industry fund employed one chief executive and, perhaps if they were lucky, someone to lend a hand with making the tea.... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
Unisuper appoints TAAM »
Industry fund Unisuper has appointed boutique asset manager Treasury Asia Asset Management to a $151.1 million mandate.
LGSS adds $41m to direct property »
Industry superannuation fund the Local Government Superannuation Scheme has bought a Sydney office building for $41 million.
While conflict of interest has stopped advisers receiving more by referring one product over another, volume bonuses continue to exist and are typically distributed in a more equitable way between dealer group and adviser.... read more »