Principal Financial Group Veteran Mark Christensen Joins The Standard to Boost PEP Initiatives

Strategic Leadership Appointment Enhances PEP Focus at The Standard

The Standard strengthens its commitment to the growing pooled employer plans (PEP) market with the appointment of Mark Christensen as the new PEP sales director within its Retirement Plans division. Christensen brings over 20 years of experience in the financial services sector, having held significant roles at Voya, Principal Financial Group, and Sallus Retirement, a startup specializing in PEPs. His deep expertise in retirement plans positions him as a key asset to The Standard, as the company seeks to leverage his knowledge to enhance its PEP offerings and drive market growth.

Steven Chappell, the vice president of distribution in Retirement Plan Sales at The Standard, highlights that the company's strategic approach to PEPs is generating considerable interest among both advisors and employers. This growing demand reflects a broader trend in the retirement planning industry as businesses look for more flexible and collaborative retirement solutions. Chappell emphasizes that the firm is dedicated to investing in this area to ensure its ongoing success. Christensen's role is seen as pivotal in making The Standard's extensive resources more accessible to advisors, thereby facilitating the expansion of their private label PEP offerings.

Founded in 1906, The Standard has established itself as a formidable player in the financial protection sector, providing a wide array of products and services that cater to both individuals and employers. Its diverse portfolio encompasses group and individual disability insurance, life insurance, dental and vision plans, and comprehensive retirement products. With the appointment of Christensen, The Standard demonstrates its proactive approach to adapting to market needs and reinforcing its position as a leader in retirement solutions.

In addition to Christensen's appointment, The Standard continues to enhance its operational capabilities through its subsidiaries, including StanCorp Equities, Inc., and Standard Retirement Services, Inc. These entities work collaboratively to deliver vital services such as recordkeeping, plan administration, and investment advisory support, ensuring that clients receive comprehensive financial solutions tailored to their unique needs. The company's ongoing commitment to innovation in retirement planning positions it well for future growth in a competitive landscape. For more information, visit standard.com or follow them on LinkedIn.