Monday, July 10, 2006
Prudential Plans Annuity Product For 401(k) Plans
Prudential Retirement Insurance & Annuity Co. is about to launch the latest entrant in the race to bring pension-type benefits to 401(k) plans.
The subsidiary of Prudential Financial Inc. is seeking approval from state insurance commissioners for Capital Guarantee Funds, group annuities that offer principal protection and stock-market exposure with a guarantee on investment gains. The funds, which offer four target maturity dates -- 2010, 2015, 2020 and 2025 -- are meant to shelter the nest eggs of risk-averse investors from the market's volatility, Prudential says.
Prudential Plans Annuity Product For 401(k) Plans
Source: Wall Street Journal (subscription required)
The subsidiary of Prudential Financial Inc. is seeking approval from state insurance commissioners for Capital Guarantee Funds, group annuities that offer principal protection and stock-market exposure with a guarantee on investment gains. The funds, which offer four target maturity dates -- 2010, 2015, 2020 and 2025 -- are meant to shelter the nest eggs of risk-averse investors from the market's volatility, Prudential says.
Prudential Plans Annuity Product For 401(k) Plans
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 6:57 AM 
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