Prudential Retirementhas picked up a new line-up of target-date funds for defined contribution plan participants.
ThePrudential IncomeFlex Target with LIVESTRONGPortfolios comes fromAmerican Century Investmentsand are available immediately.
LIVESTRONG Portfolios are diversified portfolios that automatically adjust as their target date approaches.
These income guarantees combined with the benefits of target-date funds offer investors protection from market downturns and help protect their future retirement income, saidSrinivas Reddy, senior vice president of Prudential Retirements Institutional Income, regarding target-date funds in a company press release.
This is a natural evolution of our partnership as a defined contribution investment only provider," addedPeter Cieszko, American Century Investments's chief client officer, Americans.