Full-service management of proxy events as they happen
VIP Proxy Monitor has been created specifically for insurance firms with variable life and variable annuity products. As firms seek to give their participants more choices and diversity in their fund offerings, managing the status of proxy events for each fund can be a complex, time-consuming task.
Under SEC regulations, fund participants must be notified each time a fund has a proxy event. The fund company does not have visibility into which insurance participants own their fund. Therefore, when a proxy event occurs, the insurance firm is responsible for informing all participants about the proxy event, including vote casting.
The Solution: VIP Proxy Monitor
As a designated service provider, DFIN can manage this process on your firm’s behalf, providing a turnkey solution for you and a seamless experience for your fund participants.