After AARP pared down its more than 33 funds at one point during its 21-year relationship with Scudder Investments to a mere five in 2005, sub-advised by State Street Global Advisors, the new chief of its funds unit now wants to expand those offerings, with a new focus on retirement income.
A real key to success over the long term is providing integrated solutions, Richard Mac Hisey, president of AARP Financial, told Investment News.
The biggest new initiative is integrating the funds with other products to get a better solution, Misey said. We have been working on this over the past year and will begin rolling it out in 2008. In step with this, AARP plans to offer additional tools on its website to help people calculate retirement income and investment planning.