American Society of Pension Actuaries Elects Laura Moskwa, CPC, QPA To Board of Directors.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Dec. 11, 2003

The American Society of Pension Actuaries (ASPA) has elected Laura S. Moskwa, Director of Third Party Administrator (TPA) Services, for Transamerica Retirement Services, to its Board of Directors. This appointment marks the first time a retirement services vendor had been represented on the ASPA board.

"I am thrilled to be representing a part of the industry that has not been represented before," said Laura Moskwa. "Many of my colleagues in the industry have expressed that satisfaction as well." Moskwa has been an active ASPA member since 1985. In addition to her new role as board member, Moskwa also chairs the Education and Examination Committee, serves as sales promotions co-chair on the Conferences Committee and was recently asked by Bruce Ashton, the new ASPA president, to chair the Marketing Committee.

ASPA is a national society of benefits professionals. Their purpose is to educate pension professionals while preserving and enhancing the private pension system. ASPA has over 5,000 members and is the premier professional pension organization. Their active Government Affairs Committee and Political Action Committee have helped form much of the recent legislation through their lobbying efforts.

As Director of TPA Services at Transamerica Retirement Services, Moskwa is responsible for increasing production by expanding and managing TPA relationships. "Laura's qualifications and experience as a TPA and consultant have made her an invaluable part of our company and I'm sure she will be a great asset to the ASPA board," said Kent Callahan, President, Transamerica Retirement Services. "She has been instrumental in the development of our newly enhanced TPA product and services. Laura is currently leading a team of recently hired regional TPA specialists and works closely with the Transamerica Retirement Services regional vice presidents and sales consultants to promote sales in this channel."

Moskwa joined Transamerica with 20 years of experience in the pension industry including 18 years as a TPA. She also has experience working in the broker-dealer and certified public accountant channels in both product development and implementation, as well as the education and sales process.

Moskwa earned her Bachelor of Arts degree in economics and finance from Douglass College, Rutgers University. She has attained the designations of Certified Pension Consultant and Qualified Pension Administrator through the completion of the ASPA examination process. She is also a Registered Representative, and holds Series 7 and 63 licenses.

About Transamerica Retirement Services

Transamerica Retirement Services is committed to providing businesses with customized retirement plan solutions designed to empower plan sponsors and their employees to reach their retirement goals. Transamerica Retirement Services specializes in serving small to mid-sized businesses -- the fastest-growing segment of the retirement plan market.

Transamerica Retirement Services is a top-ten retirement provider(i) to more than 11,500 customers throughout the U.S., serving more than 450,000(iii) individual participants. It has $8.3 billion(ii) in assets under management by Transamerica Investment Management, LLC and other well-known mutual fund companies. Transamerica Investment Management, LLC is one of the AEGON USA group of companies. The AEGON USA group of companies is ranked fifth in the U.S. based on admitted assets(iii).

(i) Ranking based on data from CFO Magazine's April and May 2003

reports "CFO Buyer's Guide: 401(k) Providers" as well as Treasury

& Risk Management's May 2003, "401K Buyers' Guide." This ranking

is based on the total number of plans managed by investment

companies reporting over $8 billion in 401(k) assets.

(ii) As of 12/31/02

(iii) As of 12/31/02 (A. M. Best, Best's Review, July 1, 2002).