US life insurer Pacific Life has appointed Karen Neeley as Vice President and Head of the Institutional Retirement Solutions Group, where she will report to Executive Vice President and Head of Institutional Business Brian Woolfolk.
Pacific Life has confirmed that Neeley’s team will have a particular focus on defined contribution lifetime income (DCLI) and pension risk transfer (PRT) solutions.
Neeley joins the company with an extensive financial services background. Previously, she has held leadership positions at three Fortune 500 companies.
In addition, she has also served on a variety of nonprofit and industry boards throughout her career, including the American Savings Education Council.
She is also a member of WIPN (formerly known as the National Women in Pensions Network).
With the addition of Neeley, Pacific Life is heavily building upon its commitment to lifetime income through continuing investments in thought leadership and product innovation.
Under Neeley’s leadership, Pacific Life’s Institutional Business is set to expand its focus on a solutions-based approach to address the need to better connect product design and delivery with participant education.
“This is a critical time for retirement preparedness, and we’re committed to developing innovative lifetime income solutions,” said Woolfolk.
“With Karen’s broad experience, depth of knowledge, and thorough understanding of financial services, we look forward to seeing the value she brings to our team and our customers.”
Neeley, also commented, sharing her thoughts on innovative product development and relationship building: “Pacific Life has done an amazing job in this space, and we have a wonderful opportunity to help people realize the potential of lifetime income to help improve the quality of their retirement outcomes.”
