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Merrill Lynch to Offer College Savings, Estate Planning to Businesses

Merrill Lynch has made a college and estate planning investment service available to the corporate marketplace.

Benefit managers will now be able to provide payroll deductions for college savings and estate planning through Merrill Lynch's NextGen College Investing Plan, designed for businesses of any size, the company said.

Employees of companies that offer the plan will be able to choose from 15 funds, including those from AIM Advisors, MFS, Franklin Templeton Investments and Merrill Lynch Investment Managers.