Nationwide Financial president named delegate to National Summit on Retirement Savings
Thresher to address issues facing workers nearing retirement
FOR IMMEDIATE RELEASE
|February 22, 2006
Contacts:
Jeff Botti (614) 249-6339
bottij@nationwide.com
Jennifer Monnin (614) 677-5391
monninj@nationwide.com
COLUMBUS, Ohio — Mark Thresher, president and COO of Nationwide Financial (NYSE: NFS), has been named a delegate to the third National Summit on Retirement Savings, to be held March 1-2 in Washington, D.C. The summit, which is mandated by the Savings are Vital to Everyone’s Retirement (SAVER) Act of 1997, will be convened by President Bush and co-hosted by Congressional leaders.
The 2006 Summit will focus on the development of action plans to help at-risk groups plan and save for a financially secure retirement. Thresher will address issues facing workers nearing retirement.
The summit will give Thresher the opportunity to engage in policy discussions on issues he finds important to retirement security, including longevity risk, pension reform and tax policy.
“The promise of lifelong retirement income made to workers at the start of their careers has been broken for many Americans,” said Thresher. “As a society, we need to find ways to help insure that retirees replace the guarantees that were once offered by company defined benefit plans. Solutions include increased financial literacy and public policy that encourages protection against the financial risks of retirement.”
As president of one of the nation’s leading providers of 401(k) plans, Thresher will offer insight into how employers and legislators can help Americans generate retirement income.
“We’re seeing how recent legislation to encourage automatic 401(k) enrollments increases participation in retirement savings,” Thresher said. “While we need to continue to encourage retirement savings, we also need to insure that Americans are able to make that savings last for the duration of their retirement.”
Delegates for the 2006 National Summit on Retirement Savings represent a cross-section of leaders from Congress and the retirement policy community, including thought leaders from academia, think tanks and the financial services industry.
About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 99 on the Fortune 100 based on 2004 revenue2. For more information, visit www.nationwide.com.
Nationwide and the Nationwide Framemark are federally registered service marks of Nationwide Mutual Insurance Company. On Your Side is a service mark of Nationwide Mutual Insurance Company.
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1 Nationwide Investment Services Corporation, member NASD. In MI only: Nationwide Investment Svcs. Corporation.
2 Fortune Magazine, April 2005
3 Company records as of December 2004.
Investments Retirement Insurance www.nationwide.com One Nationwide Plaza Columbus, OH 43215-2220
