Citing increased demand by investors for retirement advice Transamerica Retirement Services said this month that it will provide such advice to all of its plan sponsors via the Web.

AdviceSolutions, the firm’s new advice product, analyzes data from participants’ retirement plans and other investments and savings information. It employs a Monte Carlo simulation to forecast the future value of retirement assets and prepares a customized asset allocation plan. The company says it is one of the first providers to offer these kind of tools to the small business market at no additional cost.

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