Hoping to help address the gap between what pre-retirees have saved and what they will need to fund their retirement, BNY Mellon has launched what it's calling its Retirement and Strategic Solutions group. 

In a statement, BNY Mellon said it is looking to add "non-traditional investment solutions" to its array of retirement service offerings. 

"This unit is dedicated to meeting current retirement needs, anticipating next-generation needs and developing customized, comprehensive and transformational investment solutions for it clients," the company said the statement.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.