Franklin Templeton Investments last week announced that it has formed a new retirement division, unifying two separate groups previously called strategic alliances and defined contribution services. Rick Frisbie will be president of the new division.

Reporting to Frisbie will be Robert Hays, senior vice president, who will oversee retirement platforms and sub-advisory sales, and Dan Reinhold, also senior vice president, who will head up individual retirement products, defined contribution plans and 529 education savings plans.

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