Putnam Investments earned the inaugural title "Retirement Leader of the Year" at the 18th annual Mutual Fund Industry Awards on April 7 in New York.

Putnam was recognized for its leadership initiatives and innovative solutions in the workplace savings arena, including its efforts to sharpen the focus on retirement income and encourage the industry and policy makers to further strengthen the workplace savings system.

"We are honored to be the first-ever recipient of this award," said Robert L. Reynolds (right), president and CEO of Putnam Investments. "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. While the entire Putnam family is pleased to have its efforts in this area recognized on such a prominent stage, we will continue to use all of our resources and capabilities each day to help solve this national challenge."