Prudential’s stable value option for this platform is designed to provide safety of principal, liquidity and a competitive crediting rate that is guaranteed for at least six months. It was developed to reflect the needs and nuances of the education market. Similar to other ASPire investment options, there are no sales charges or redemption fees.
“This partnership represents a unique opportunity to distribute this innovative product in the 403(b) space and help teachers and administrators achieve better retirement outcomes,” said Jamie Kalamarides, senior vice president, Institutional Investment Solutions, Prudential Retirement.