Prudential plc - Site Visit
Prudential PLC
02 November 2005
EMBARGO: 14:30 Wednesday 2 November 2005
Prudential plc - Jackson National Life Site Visit
Prudential plc is hosting a two day analyst and investor site visit to its US
operations starting today.
The visit will be hosted by Clark Manning, President and Chief Executive
Officer, Jackson National Life (Jackson) and will consist of a series of
presentations and a site visit to Jackson's operations in Lansing, Michigan.
The presentations will focus on the significant opportunities in the US
retirement market and Jackson's positioning and strengths to capitalise on
these.
Clark Manning said:
'As the 'Baby boomer' generation approach retirement they will transition from
asset accumulation to a requirement for retirement income. Annual retirement
distributions from pension plans are set to double to over $1 trillion per annum
by 2012 and there will be considerable outflows from mutual funds. Critically,
Jackson has both a leading variable annuity offering and the advice based
distribution skills to be very successful as these changes in the market take
place.'
-ENDS-
Enquiries to:
Media Investors / analysts
Jon Bunn +44 7808 632197 James Matthews +44 7901 648 153
William Baldwin-Charles +44 20 7548 3719 Marina Novis +44 7967 497 474
Joanne Doyle +44 20 7548 3708
Notes to Editors:
The presentation slides will be available on the Group's website http://
www.prudential.co.uk from 14:30 GMT on 2 November as each session takes place.
Webcasts of these sessions will then be available from 20:00 GMT
An interview with Clark Manning (in video/audio/text) will be available on
www.cantos.com and www.prudential.co.uk from 14:30 GMT on 2 November 2005.
*Jackson National Life Insurance Company(R) is an industry leader in the areas
of fixed, fixed index and variable annuities and has more than $65 billion in
assets (GAAP). The company markets its products in 49 states and the District of
Columbia through independent and regional broker-dealers, financial institutions
and independent insurance agents. JNL's subsidiary, Jackson National Life
Insurance Company of New York(R), similarly markets products in the state of New
York. Through its affiliates and subsidiaries, JNL also provides asset
management and retail brokerage services. For more information, visit
www.jnl.com.
*Prudential plc, a company incorporated and with its principal place of business
in the United Kingdom, and its affiliated companies constitute one of the
world's leading financial services groups. It provides insurance and financial
services directly and through its subsidiaries and affiliates throughout the
world. It has been in existence for over 150 years and has £214 billion in
assets under management (as at 30 June 2005). Prudential plc is not affiliated
in any manner with Prudential Financial, Inc, a company whose principal place of
business is in the United States of America.
Forward-Looking Statements
This statement may contain certain 'forward-looking statements' with respect to
certain of Prudential's plans and its current goals and expectations relating to
its future financial condition, performance, results, strategy and objectives.
Statements containing the words 'believes', 'intends', 'expects', 'plans', '
seeks' and 'anticipates', and words of similar meaning, are forward-looking. By
their nature, all forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances which are beyond
Prudential's control including among other things, UK domestic and global
economic and business conditions, market related risks such as fluctuations in
interest rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities, the impact of
competition, inflation, and deflation; experience in particular with regard to
mortality and morbidity trends, lapse rates and policy renewal rates; the
timing, impact and other uncertainties of future acquisitions or combinations
within relevant industries; and the impact of changes in capital, solvency or
accounting standards, and tax and other legislation and regulations in the
jurisdictions in which Prudential and its affiliates operate. This may for
example result in changes to assumptions used for determining results of
operations or re-estimations of reserves for future policy benefits. As a
result, Prudential's actual future financial condition, performance and results
may differ materially from the plans, goals, and expectations set forth in
Prudential's forward-looking statements. Prudential undertakes no obligation to
update the forward-looking statements contained in this statement or any other
forward-looking statements it may make.
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