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i think it’s just the competitive nature of the industry. cn: i think it’s largely been part of the dynamics and strategies of various firms. some are looking for more retail relationships to take people out of the dc plan and move them into a retail product. there are a lot of plans out to bid, so we’re busy on that dimension of the growth equation. [clients say] give me some tools, whether they’re digital, using a more ai-type technology to drive the next-best dollar.
it’s just a matter of when. it’s never a regular cadence. we’re also seeing a lot of voice fraud and other ways of people initiating identity theft. we can monitor and it gives a live read to the call center rep, and rates the call as to what’s the potential that this is a fraudulent call. subscribe for original insights, commentary and discussions on major news stories of the week, from the investmentnews team © 2020 investmentnews llc.
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