Prudential trio address advantages of stable value funds in retirement portfolios

  Prudential trio address advantages of stable value funds in retirement
  portfolios

   Stable Value Investment Association holds Fall Forum in nation’s capital

Business Wire

NEWARK, N.J. -- October 02, 2012

Today, the Stable Value Investment Association (SVIA) will kick off the
industry association’s Fall Forum and Annual Membership Meeting -- Searching
for Success: Stable Value’s Place in Defined Contributions Plan -- in
Washington, D.C. at The Fairmont Hotel.

“This year, SVIA members will explore the major challenges facing plan
sponsors and stable value providers as they work to ensure defined
contribution plan participants have sound investment choices that can help
them achieve their retirement savings and investing goals,” said James King,
client portfolio manager, Strategic Relationships, Prudential Retirement. King
began his tenure Jan. 1, 2012 as Chairman of the SVIA Board. Prudential
Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

King, Bill McCloskey, vice president, Product Management, Prudential
Retirement and Robert Tipp, managing director and chief investment strategist
for Prudential Fixed Income Management will address the membership during the
three-day forum. McCloskey will offer an overview of the stable value market
from an insiders’ view and Tipp will provide members with a global economic
outlook for fixed income in investments.

As of June 30, 2012, Prudential Retirement has more than $98 billion in Stable
Value retirement account values, including more than $58 billion in
Institutional Stand-Alone Third Party Stable Value.

The SVIA is a non-profit industry organization dedicated to educating
retirement plan sponsors and participants about the importance of saving for
retirement and the contribution stable value funds can make toward achieving
retirement security.

"Stable Value is a core competency for Prudential,” King added. “We're
committed to the business and we are delighted to provide a product that helps
our clients create retirement stability and security for their participants."

As of December 31, 2011, the SVIA members managed over $646 billion invested
in stable value funds by more than 25 million participants.  The SVIA’s 75
member companies represent all segments of the stable value community,
including public and private retirement plan sponsors, and numerous insurance
companies, banks, and investment managers.

Stable Value products are issued by either The Prudential Retirement Insurance
and Annuity Company (PRIAC), Hartford, Conn., or The Prudential Insurance
Company of America (PICA), Newark, N.J. Both are Prudential Financial
companies. Each company is solely responsible for its financial condition and
contractual obligations. Guarantees are contingent on the claims paying
ability of the issuer.

Prudential Retirement delivers retirement plan solutions for public, private,
and non-profit organizations. Services include state-of-the-art record
keeping, administrative services, investment management, comprehensive
employee investment education and communications, and trustee services. With
over 85 years of retirement experience, Prudential Retirement helps meet the
needs of over 3.6 million participants and annuitants. Prudential Retirement
has $244.8 billion in retirement account values as of June 30, 2012.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader, has
operations in the United States, Asia, Europe, and Latin America. Prudential’s
diverse and talented employees are committed to helping individual and
institutional customers grow and protect their wealth through a variety of
products and services, including life insurance, annuities, retirement-related
services, mutual funds and investment management. In the U.S., Prudential’s
iconic Rock symbol has stood for strength, stability, expertise and innovation
for more than a century. For more information, please visit
http://www.news.prudential.com/

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Contact:

Prudential Financial, Inc.
Josh Stoffregen
973-802-3996 office
973-204-2450 mobile
josh.stoffregen@prudential.com
or
Dawn Kelly
973-802-7134 office
201-406-7248 mobile
dawn.kelly@prudential.com
 
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