Axa Equitable Life Insurance Co., a New York unit of Axa SA, launched a distribution channel focused on providing retirement plan strategies and products for Fortune 1,000 corporations and their employees.
The corporate markets channel will be run by Bill McDermott, an executive vice president who joined Axa Equitable in September.
The channel will provide employers with resources to help employees at every stage of retirement planning. It will offer education, ongoing support, and guaranteed income products to individuals as they accumulate assets in 401(k) plans and move to the distribution phase at retirement.
Axa Equitable, which announced the channel's launch Monday, had $862.2 billion of assets under management as of June 30.
