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Stock impact report

T. ROWE PRICE ANNOUNCES LAUNCH OF TARGET DATE SERIES, OFFERED THROUGH CANADA LIFE [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
Rowe Price , a global investment management firm and leader in retirement, today announced the launch of its first target date portfolios for Canadians. The T. Rowe Price Retirement Date Series is built for Canadians, while applying a similar design approach and asset allocation principles as the firm's target date offerings globally. The T. Rowe Price Retirement Date Series is now available through Canada Life, a leading insurance, wealth management, and benefits provider. Canada Life has added the series to its Group Retirement Services core platform. A recent survey found that the two most frequently reported future financial concerns of Canadians over age 50 are the rising cost of living (70%) and running out of money (46%) . The T. Rowe Price Retirement Date Series is designed to manage longevity risk and sustain purchasing power through retirement by: Balancing the need for strong long-term returns against appropriate levels of volatility throughout the lifecycle of the Ca Show less Read more
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