Institutional Retirement Experts Recommend Best Practices for Evaluating Income Solutions

Prudential Financial, Inc. (NYSE: PRU):

 What:  Industry experts will come together in a half-day symposium to analyze the relative merits of various approaches to retirement income solutions. Also, they will deliver a series of recommendations designed primarily to help plan sponsors evaluate the array of new and innovative income solutions. These income solutions are designed to improve retirement outcomes for retirement plans offered through the workplace.  “Given the market turmoil, we see it as our duty to help plan sponsors deal with the ever-changing DC marketplace,” said Martin Schmidt, co-chair of the Institutional Retirement Income Research Council (IRIRC). “By providing access to knowledge and best practices in this industry as well as updates on regulatory changes and how defined contribution plans will be affected, we can help ensure that plan sponsors are ready and able to meet the these challenges.”  When:  Wednesday, November 5, 2008 Registration begins at noon Catered lunch: 12:30 p.m. – 1:30 p.m. in Salon 3 features Dr. Jeffrey Brown, William G. Karnes professor, Department of Finance at the University of Illinois and Director of the Center for Business and Public Policy in the College of Business Panel Discussion: 2:00 p.m. – 4:30 p.m. in Manhattan ballroom  Where: Ritz Carlton New York, Battery Park Second Level 2 West Street, New York  Who:   Dr. Jeffrey Brown, William G. Karnes professor, Department of Finance at the University of Illinois and Director of the Center for Business and Public Policy in the College of Business John Fenton, Principal, Towers Perrin Clark Frese, Senior consultant, Asset Strategy Consultants John Pickett, Senior Vice President, RBC Dain Rauscher Matthew Radgowski, Vice President, Wilshire Associates Charles Ruffel, CEO, Plan Sponsor will moderate. Chris Raham, Senior Actuarial Advisor, Ernst & Young Martin Schmidt, Principal, MAS Advisors Martha Spano, West Division Practice Leader, Watson Wyatt 

The Institutional Retirement Income Research Council is an independent retirement think tank underwritten by Prudential Retirement, was established in 2007 to advance the interests of retirement savings plan participants, plan sponsors, plan advisors and consultants by:

 1) analyzing innovative approaches to in-plan, institutional retirement income solutions; 2) creating acceptable best practices and evaluation tools to supplement the decision making; 3) discussing and identifying regulatory, legislative, and fiduciary issues pertinent to in-plan, institutional income solutions; and 4) producing and publishing relevant findings through various media outlets. 

Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU).