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Lincoln Financial Boosts Retirement Plan Tech

The company has contracted DST Retirement Solutions to improve its recordkeeping and administrative services platform to plan sponsors, participants and intermediaries, according to the company.

Philadelphia-based Lincoln Financial Group has selected with Kansas City, Mo.-based DST Retirement Solutions to upgrade the technology supporting its retirement plan services.

DST will enhance Lincoln's recordkeeping and administrative services platform to plan sponsors, plan participants and intermediaries. The upgrade includes enhanced reporting and access to plan information; online planning tools, calculators and education materials; call center technology; Web resources and self-service features, according to a release.

"This investment is an outstanding example of Lincoln Financial's long-term commitment to the Defined Contribution business and will fuel our targeted growth in the retirement industry," Chuck Cornelio, president of defined contribution for Lincoln Financial Group, says in a statement. "The Lincoln team will have access to industry leading technology to augment our already strong service offering. This action reinforces our commitment to continually striving to make it easier for plan sponsors and intermediaries to do business with us. Enhancements will also enrich the educational resources and tools we offer plan participants to help them make informed savings decisions and meet their retirement goals."

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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