New York Life Investment Management is renaming its affiliate and products catering to medium and large retirement plans. NYLIM Retirement Plan Services is the new name for what the firm had been calling New York Life Benefit Services. New York Life has already been using the new moniker for its affiliate and products catering to small retirement plans.
"This change is [an] important step in the evolution of the NYLIM brand," said Barry Schub, senior managing director of New York Life Investment Management and head of NYLIM Retirement Plan Services. "We want to send the message that NYLIM is a unified firm with strength in institutional and individual markets. It is crucial for all of our retirement businesses to share our name along with our message."