Putnam Investments was honored as the Retirement Leader of the Year at the 18th Annual Mutual Fund Industry Awards, presented by Fund Directions and Fund Action. This is the first time the award has been offered. The firm was recognized for its leadership initiatives and solutions in the workplace savings arena.
“We are honored to be the first-ever recipient of this award,” Robert Reynolds (left), president and CEO of Putnam Investments, said in a statement. “There is an increasing need across the retirement savings industry – for plan sponsors, 401(k) participants, advisors and consultants, as well as policy makers, and importantly, plan providers – to define ways to help working Americans prepare financially for a dignified and sustainable high-quality retirement.”
Reynolds spoke at the Retirement Income Industry Association’s spring conference in March, calling on Congress to create an optional national insurance charter, and a lifetime income security agency with the ability to approve assured lifetime income products.