Nationwide Retirement Plans Unveils Plan Sponsor Fiduciary Bill of Rights

Business Wire, May 30, 2008

COLUMBUS, Ohio -- Nationwide Financial Services, Inc. (NYSE: NFS) has long been committed to educating plan sponsors about their fiduciary roles and responsibilities and providing tools and resources to help them provide a retirement plan that is good for them and their employees. Today, Nationwide Retirement Plans stepped up that level of commitment by launching the Nationwide Bill of Rights for plan sponsors and a fiduciary warranty.

The Nationwide Fiduciary Warranty outlines the plan sponsor's fiduciary obligations and defines Nationwide's commitment to stand by them should their investment decisions come into question. The Nationwide Bill of Rights educates plan sponsors about their responsibilities and helps them make sure they're doing the right things for their plan so that they won't need the warranty.

"To really be on the side of the customer, we know we need to go beyond the warranty and the words on a piece of paper, we have to translate it into action," said Joe Frustaglio, national sales manager for private-sector retirement plans. "It's about standing beside the plan sponsor you're working with and showing them you're the right partner to help them, not only implement a prudent process to manage their retirement plan, but equip them with the knowledge and confidence they need to make the right decisions for their plan and their employees. The Nationwide Bill of Rights is really about empowering your clients to do what's right."

The Bill of Rights outlines Nationwide's commitment to helping investment professionals strengthen their client's retirement plans by offering:

* Comprehensive fiduciary tools - access to a Model Investment Policy Statement partnered with in-depth fund analysis and monitoring tools and regular plan-level reporting including detailed investment analysis.

* Broad fund selection - programs that offer a range of investment options - from several hundreds to more than 1,000 investment options.

* Choice for employees, without increasing fiduciary risk - a mutual fund window with no trading fees, self-directed brokerage and managed accounts from multiple money managers.

* Simple, fast and easy help - resources to help plans get in compliance and stay in compliance, including Nationwide's fiduciary handbook, 404(c) checklist, due diligence file checklist and plan fiduciary meeting checklist.

* Full fiduciary protection - Nationwide has been named as an approved provider of retirement programs by the American National Bank of Texas, who will, for an additional fee, become a full-service discretionary trustee.

"When plan sponsors understand their roles, the job of the investment professional becomes much easier and allows them to use their time more efficiently," Frustaglio said. "We're helping add value to their clients' retirement plans with tools to assist in monitoring investments and educating employees. Our goal is to help investment professionals win and retain clients.

"Investment professionals often only get a few hours a year to meet with a plan's trustees. Nationwide wants to make sure that they are able to make best use of that time. The Nationwide Bill of Rights provides a solid foundation for a due diligence conversation," said Frustaglio.

To learn more about Nationwide's commitment to helping strengthen clients' retirement plans, investment professionals can visit www.nationwide.com/rpsales or call our sales team toll free at 800-626-3112.

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. 108 on the Fortune 500 based on 2007 revenue2. For more information, visit www.nationwide.com.

Nationwide, Nationwide Financial, the Nationwide Framemark and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company.

1 Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.

2 Fortune Magazine, April 2008

Please note that the investment options offered through Nationwide's Fund Window have not been individually selected and are not monitored by your Plan Representative. These investment options may require investment expertise and/or professional management advice to prudently manage. In addition, some of these investment options may have higher Nationwide asset fees than the investment options selected by your Plan Representative. Nationwide does not make recommendations or give investment advice.

Self-directed brokerage services are available through TD Ameritrade Corporate Services, Division of Ameritrade, Inc., a registered broker-dealer not affiliated with Nationwide.