Prudential Winner
Prudential’s innovativeness and client focus resonated strongly with asset owners this year. The Prudential IncomeFlex Target product, in particular, received high marks for allowing retirees to meet their long-term goals.

Prudential’s solutions in the DC category were inspired by research that showed that nine out of 10 participants in defined contribution retirement plans seek guaranteed income that they cannot outlive. Certainty and security to their retirement years are crucial provisions retirees seek.

Key features of the Prudential IncomeFlex program include guaranteed lifetime income, downside market protection for retirement income, and the sustained potential for growth. The wide range of underlying investments and investment programs that can be combined with IncomeFlex was another compelling factor. Prudential’s proactiveness in anticipating evolving needs of retirees become more pronounced was another reason for it being a desirable partner.

Defined Contribution Strategies Finalists

• Dimensional Fund Advisors

• J.P. Morgan Asset Managements

• T. Rowe Price

• Vanguard