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Article: Prudential Unveils Solution to America's Retirement-Savings Crisis.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Prudential Financial (NYSE: PRU) has launched "Redefining Retirement," a new model for the design, management and administration of workplace-provided retirement plans, raising the bar for the industry by delivering a comprehensive and effective solution to the retirement-savings crisis now plaguing American workers. "In the past year, Americans lost $1 trillion of their retirement savings, forcing plan sponsors, plan participants, and regulators to take a step back and question the ongoing viability of defined contribution programs," said Christine Marcks, president of Prudential Retirement, a business of Prudential Financial Inc. "With 'Redefining Retirement,' we're ...