Fidelity Investments introduced Fidelity Pension Advantage, a program aimed at helping CFOs of companies with $50 million to $500 million in pension assets to better manage assets against liabilities, Drew E. Lawton, president and CEO of Fidelity Management Trust, said in a telephone interview. Fidelity will offer CFOs a customized investment plan combining Fidelity's "asset allocation, portfolio construction and actuarial analysis with a new platform of investment options screened and recommended by independent consultant Rocaton Investment Advisors," according to a news release.
The program has a total of 30 investment offerings from Fidelity, AXA Rosenberg, Martin Currie, Shenkman Capital, TCW, Wells Capital and Western Asset. Thirteen of the strategies are from Fidelity, which Mr. Lawton said is the maximum. Rocaton will eventually expand the platform to 50 strategies.
Fidelity's team will continuously monitor "the impact of the DB plan on company earnings, balance sheet performance and cash flow," and it plans to offer online interactive modeling soon.