US - Nationwide Financial has launched NAV (Net Asset Value) Elect, as part of its ‘Best of America Group' pension series.
The product targets plans with $5m to $10m in plan assets and offers more than 25 mutual funds from six fund houses.
The program is free of asset fees or termination charges, and will be available through investment professionals, financial planners and third party administrators.
Our NAV Elect program fills the gap for clients looking for simplerpricing alternatives, said Donald Jones, national pension sales manager for Nationwide Financial.
NAV Elect is that it does not require the selection of proprietary funds, he added.
The additional retirement plans in the series, including The Best of America Retirement Resource; The Best of America Retirement Advisor unregistered group annuity, and The Best of America Retirement Manager unregistered group variable and fixed annuity for businesses with less than 25 employees.
Based in Columbus, Nationwide provides annuities, life insurance, retirement plans, mutual funds, and other financial services for institutional clients and individuals.
By Madhu Kalia
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