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Sallie Mae to Announce First-Quarter 2013 Results on April 17, Host Earnings Call on April 18

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By Business Wirevia The Motley Fool

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Sallie Mae to Announce First-Quarter 2013 Results on April 17, Host Earnings Call on April 18

NEWARK, Del.–(BUSINESS WIRE)– Sallie Mae (NAS: SLM) , the nation’s No. 1 financial services company specializing in education, will release 2013 first-quarter earnings results after market close on Wednesday, April 17, 2013.

In addition, the company will host a conference call for shareholders at 8 a.m. EDT on Thursday, April 18, 2013. To participate in the call, please dial 877-356-5689 (USA and Canada) or dial 706-679-0623 (international) and use access code 23719299 starting at 7:45 a.m. EDT.

A live audio webcast may be accessed at SallieMae.com/investors. Supplemental financial information and presentation slides used during the company’s investor conference call will be available on the company’s website no later than the call’s start time.

A replay of the webcast will be available via the company’s website approximately two hours after the call’s conclusion. A telephone replay may be accessed approximately two hours after the call’s conclusion through May 2, 2013, by dialing 855-859-2056 (USA and Canada) or 404-537-3406 (international) with access code 23719299.

Sallie Mae  (NAS: SLM) is the nation’s No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Sallie Mae
Media:
Nikki Lavoie, 302-283-4057
Nikki.Lavoie@SallieMae.com
or
Investors:
Joe Fisher, 302-283-4075
Joe.Fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
Steven.J.Mcgarry@SallieMae.com

KEYWORDS:   United States  North America  Delaware

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The article Sallie Mae to Announce First-Quarter 2013 Results on April 17, Host Earnings Call on April 18 originally appeared on Fool.com.

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Prudential Investments' closed-end funds offer market outlook conference call

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By Business Wirevia The Motley Fool

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Prudential Investments’ closed-end funds offer market outlook conference call

NEWARK, N.J.–(BUSINESS WIRE)– Prudential Short Duration High Yield Fund, Inc. (NYS: ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYS: GHY) are offering investors the replay of a conference call providing market commentary and product updates. The funds are offered by Prudential Investments, the mutual fund business of Prudential Financial, Inc. (NYS: PRU) .

The call, recorded on March 22, features two of the Funds’ portfolio managers from Prudential Fixed Income’s Leveraged Finance Team, Terence Wheat, CFA, and Rob Spano, CFA, CPA. During the call, they discussed the Funds’ performance, their current views on the short duration high yield market, and their outlook for the remainder of 2013. The replay will be available until midnight on Monday, May 27 and can be accessed by phone or visiting our website by following the details below:

…read more
Source: FULL ARTICLE at DailyFinance

 

Replay Dial In: (800) 475-6701

 

Access Code: 286896
 
Business, Finance, Occupation & Industry

Rutgers Institute for Ethical Leadership Awarded $2.6 million from Prudential

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Rutgers Institute for Ethical Leadership Awarded $2.6 million from Prudential

Award allows Institute to continue being a resource to region’s business, nonprofit, and academic communities

NEWARK, N.J.–(BUSINESS WIRE)– Rutgers Institute for Ethical Leadership (IEL) at Rutgers Business School has been awarded a $2.6 million donation from Prudential Financial, Inc. and The Prudential Foundation. The support allows the IEL to continue serving nonprofit organizations, students, and business leaders with programs that reinforce the importance of ethical leadership.

Last year, more than 3,000 students and business and nonprofit leaders benefited from IEL programs, events, and resources. The IEL combines academic research with practical training to strengthen current leaders and to prepare tomorrow’s leaders for the complex ethical challenges they will encounter. The IEL also continues its ongoing capacity building and training with the leaders of nonprofit organizations in Newark and the surrounding areas contributing to the health and vitality of the community.

The $2.6 million contribution includes a $850,000 three-year challenge grant from The Prudential Foundation. Each dollar of new and increased money the IEL raises will be matched by the Foundation with two dollars of support. The Prudential Foundation has made more than $1.5 million in grants to IEL since 2004 when it provided startup funding to create the Center for Nonprofit and Philanthropic Leadership at Rutgers University. IEL was created from that organization in 2008 with funding that was included in a $5 million Prudential contribution to Rutgers University.

“The Rutgers Institute for Ethical Leadership has emerged as a thought leader in values-based and ethical leadership within the nonprofit and business sectors. Their work is important in preparing the next generation to accept leadership positions of greater responsibility,” said Lata Reddy, Vice President, Corporate Social Responsibility at Prudential and President of The Prudential Foundation. “IEL is an important institution and Prudential is pleased to help it build its capacity for long-term sustainability.”

The grant will enable the IEL to continue its programs, including an annual Ethical Leadership Conference that attracts business, nonprofit, and academic leaders from across the country. This year’s conference, Ethics in Action: A Conference on Corporate Social Responsibility, will be held April 19 at the Newark Museum. The conference includes prestigious CSR leaders, a panel discussion with CSR experts, and highlights of successful social impact programs that provide valuable insight for leaders to integrate into their own CSR strategies.

“Prudential has a long-standing commitment to ethical leadership …read more
Source: FULL ARTICLE at DailyFinance

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2012 MullinTBG/PLANSPONSOR report reaffirms significance of nonqualified deferred compensation plans

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2012 MullinTBG/PLANSPONSOR report reaffirms significance of nonqualified deferred compensation plans in helping executives meet retirement savings goals

NEWARK, N.J.–(BUSINESS WIRE)– The seventh annual MullinTBG/PLANSPONSOR Executive Benefits Survey reveals that executives now more than ever need options like nonqualified deferred compensation plans (NQDCPs) to help them achieve their savings goals. Higher tax rates and historically low interest rates present potentially greater challenges for highly compensated employees trying to save for retirement and meet other financial goals, making deferring compensation into a nonqualified plan especially attractive. For example, the survey shows a vast majority of companies (91%) are now offering nonqualified deferred compensation plans (NQDCPs). MullinTBG is a Prudential Financial, Inc. company (NYS: PRU) .

The survey, the longest-running of its kind, also highlights that more companies are offering executives financial planners to help create effective retirement planning strategies. In 2012, 52.7 percent of firms state they now offer financial planning benefits, compared to 34 percent in 2009.

“This year’s survey results have once again confirmed the enduring appeal of nonqualified plans in both helping high income earners achieve a secure retirement and meeting an important need in the marketplace,” said George Castineiras, Prudential Retirement‘s senior vice president of Total Retirement Solutions. “I believe that NQDCPs have the potential to become even more relevant for high-income earners looking to increase their savings power and lessen tax impacts in the coming years.”

A new category was added to the NQDCP Recordkeeping section in 2012, allowing survey respondents to choose “online user experience” as an important factor when selecting a nonqualified recordkeeping provider. This new category ranked second overall after perennial leader “quality of service team.”

“The trend of providing additional Web-based resources to help plan participants make the most of their NQDCP is an important one,” notes Yong Lee, Chief Operating Officer at MullinTBG. “More companies are utilizing new media tools to connect with their eligible population and educate them about plan features and new investment alternatives. For example, providing options that generate guaranteed income in retirement – previously only seen in qualified plan investment menus – are now being offered inside NQDCPs. Interest in these options and their importance to key employees continues to surge among plan sponsors.”

Other survey highlights include:

  • Criteria used for determining NQDCP eligibility varied amongst categories, with job grade cited most often (28%), and salary and title coming in second (16.5%).

    • <li …read more
    Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Prudential Retirement expands Pension Risk Transfer team

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By Business Wirevia The Motley Fool

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Prudential Retirement expands Pension Risk Transfer team

NEWARK, N.J.–(BUSINESS WIRE)– Prudential Retirement, a business unit ofPrudential Financial, Inc. (NYS: PRU) , announced today that Rohit Mathur has joined Prudential Retirement‘s pension risk transfer (PRT) team in the newly created role of senior vice president, Global Product and Market Solutions.

Mathur will assess corporate finance implications of pension risk management to cultivate a consistent recognition of pension de-risking solutions. He will partner with our distribution team in the service of our clients and promote understanding of these issues among credit and equity analysts, treasurers, chief financial officers and investment bankers. He will also lead the team developing original research and related marketing for pension de-risking strategies.

Mathur will report to Scott Kaplan, senior vice president, Head of Global Product and Market Solutions, Pension and Structured Solutions.

“Corporate pension plan sponsors are increasingly looking to pension risk transfer solutions as a means to reduce financial statement volatility, allow greater focus on their firms’ core businesses and ensure strategic flexibility,” said Phil Waldeck, senior vice president and head of pension and structured solutions.

“Our pension risk transfer team is focused on helping corporate plan sponsors achieve greater financial certainty with their pension obligations and to provide retirement security to their pension plan participants. Rohit strengthens our growing pension risk transfer team as he brings tremendous experience and expertise with pension risk issues. Reflecting market demand, his addition underscores our continuing investment in our PRT team and commitment to further building out our world class and industry-leading business practice.”

Mathur was most recently an executive director, Capital Structure and Strategy for UBS Investment Bank, where he worked with clients in multiple industries with a specific focus on corporate finance, risk advisory and pension issues. Prior to that, he was with Moody’s Investors Service where he published research on accounting and pension issues and worked with credit analysts to incorporate those risks more systematically into company ratings. He holds a Ph.D. from Columbia Business School.

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 expertise, Prudential Retirement helps meet the needs of over 3.6 million participants and annuitants. Prudential Retirement has $289.8 billion in retirement account values as of December 31, 2012. Insurance products are issued by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or The Prudential …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Prudential Retirement white paper: Stable value a safer and more secure investment option post finan

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By Business Wirevia The Motley Fool

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Prudential Retirement white paper: Stable value a safer and more secure investment option post financial crisis

NEWARK, N.J.–(BUSINESS WIRE)– Prudential Retirement, a business unit of Prudential Financial, Inc. (NYS: PRU) , today released a new white paper, “Assessing Stable Value After 2008: Performing as Designed.”

“Stable value as an asset class performed as it was designed to do during the financial crisis,” said Michael L. Davis, senior vice president and head of Stable Value, Prudential Retirement. “This paper explores how the changes in the stable value industry have made the asset class a safer and more secure investment option, and underscores its important role as a cornerstone of the retirement strategy for millions of plan participants.”

The white paper highlights a number of steps that have been taken to increase the security of the asset class, including a more thorough and accurate risk assessment for the asset class and more conservative investment guidelines making stable value more resistant to future market dislocations.

The white paper notes that stable value has continued to generate strong relative performance and deliver guaranteed yields comparable to intermediate-term bond funds, but with low volatility comparable to that of money market funds. With strong plan participant demand, between 2007 and 2012, savings entrusted to stable value rose from $416 billion to $645.5 billion.

Davis, who joined Prudential in November 2012 from the U.S. Department of Labor’s Employee Benefit Security Administration, notes the stable value marketplace in 2013 differs from the one that existed in 2008.

“The provider landscape has changed and while these changes may have been disruptive in the short term, they are now heralding a return to the conservative investment strategies, risk parameters and performance goals that characterized the asset class when it debuted four decades ago.”

As of Dec. 31, 2012, Prudential Retirement has $106.9 billion in stable value retirement account values. Guarantees are based on the claims-paying ability of the issuing insurance company and are subject to certain limitations, terms and conditions.

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 expertise, Prudential Retirement helps meet the needs of over 3.6 million participants and annuitants. Prudential Retirement has $289.8 billion in retirement account values as of December 31, 2012. Insurance products are issued by Prudential Retirement Insurance …read more
Source: FULL ARTICLE at DailyFinance

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Prudential receives Innovation in Reducing Health Care Disparities Award

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Prudential receives Innovation in Reducing Health Care Disparities Award


Company programs cited for reducing disparities and improving the health of employees.

NEWARK, N.J.–(BUSINESS WIRE)– The National Business Group on Health has honored Prudential Financial, Inc. (NYS: PRU) for their ongoing commitment to reducing health care disparities in the workplace and for supporting a diverse workforce. The company was recognized with the 3rd Annual Innovation in Reducing Health Care Disparities Award at the National Business Group on Health’s 2013 Business Health Agenda conference held in Washington, DC.

In presenting the award, Helen Darling, President and CEO of the National Business Group on Health, commented: “We are very pleased to honor Prudential for their relentless efforts and innovative approaches to reduce health care disparities. More and more companies understand just how important it is that their health care benefit programs meet the needs of a culturally diverse workforce. Prudential recognize that by addressing health care disparities, they are improving the value, quality and effectiveness of the health care services their employees receive.”

“Prudential’s commitment to health is closely aligned with its commitment to diversity and inclusion. A one size fits all approach to health won’t work. It’s important to understand how differences like race, gender and lifestyle may be influencing well-being and figure that into our care strategies for employees and their dependents,” says Dr. Andrew Crighton, Prudential’s chief medical officer. “We’re encouraged in our efforts by this recognition and honored to be acknowledged in this way.”

Since 2006, Prudential’s Health & Wellness team has been analyzing health disparity data trends to help increase the efficacy of its health programming. The company requests that its partners keep them apprised of their efforts to decrease disparities and help identify opportunities to do greater good within its population. In 2011, Prudential launched its “Healthy Diabetic” chronic disease program. The company selected diabetes because of the incidence and ramifications of the disease within its population, the modifiable nature of the disease with targeted interventions and because its health disparity data showed a disproportionate incidence of the disease among some groups within its population. The goal of the program was to enhance the client/nurse relationship with individualized and focused coaching toward helping the clients achieve glycemic control (A1C<7%) decreasing their risk of complications from the disease, and toward empowering them to make healthy …read more
Source: FULL ARTICLE at DailyFinance