MMC UK Pension Fund, advised by Mercer, selects Prudential and Canada Life...
The Trustee of the MMC UK Pension Fund (the "Fund") has announced the largest longevity risk transfer for a UK pension fund since 2014. The transaction, which reinsures the longevity risk of £3.4...
View ArticleFor Asia's rapidly aging populations, innovation and forward-thinking...
TAIPEI, Taiwan, September 22, 2017 - The quickening pace of aging in Asia – a region with more than half the world's population over 60 – has urgent implications for the region's families, retirees,...
View ArticlePrudential Entrusted with Pension Promises to Approximately 45,000...
NEWARK, N.J., Oct. 02, 2017 - International Paper (NYSE:IP) will settle approximately $1.3 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance...
View ArticleCEO John Strangfeld talks retirement security with Fox Business reporter...
Chairman and CEO John Strangfeld joined some of the biggest names in investing at the Future Investment Initiative conference in Saudi Arabia this week. Prior to his panel appearance, Strangfeld was...
View ArticleAging populations, low birthrates require retirement solutions
Each year, key executives from Prudential Retirement gather with policy makers, business leaders, and researchers from across the globe for the annual International Longevity Risk and Markets Solutions...
View ArticlePrudential, PIC Reach $1.2 Billion Longevity Reinsurance Agreement
NEWARK, N.J., Nov. 09, 2017 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance...
View ArticleAmerican workers trust life insurers for financial security, survey says
What keeps American workers awake at night? For one in three, it's the fear of losing a loved one. This finding, among several insights from the American Workers Survey, could be why 87 percent of...
View ArticleHow to Save for Retirement in the Gig Economy
The freedom and flexibility that independent contracting affords make it attractive to millennials, but older generations are also taking notice. The typical gig worker, according to a Prudential...
View ArticleHow Prudential handles a 60 percent increase in customer calls on the busiest...
It's 7:55 a.m. on a Tuesday in January at Prudential Retirement's call center near Scranton, Pennsylvania, and the 125 or so employees in the office are in anxious anticipation. In five minutes, they...
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View ArticlePrudential Retirement builds skill for Amazon Alexa
With Amazon Alexa, you can play your favorite song, get the news and weather, even control your living room lights, all with just the sound of your voice—now, by enabling a new skill, you can manage...
View ArticleStable value funds a new trend in college savings
For years, many 529 plans offered money market funds as their conservative investment option. Now, they're increasingly replacing them with stable value funds, investment vehicles wrapped in insurance...
View ArticleAnnuities on the upswing as more Americans shift to a post-retirement income...
Americans are not just living longer, they're living younger, active lives. That's a good thing. But it also presents a problem. Americans are facing a silent, growing crisis. Retirement is no longer...
View ArticleUnder new tax law, finance leaders show appetite for pension de-risking
The passage of the Tax Cuts and Jobs Act is driving senior finance executives to reduce the liability risks associated with their corporate defined benefit (DB) pension plans. That revelation was one...
View ArticleMillennials' vision of the future looks beyond flying cars
Fifty years ago, Philip K. Dick's landmark sci-fi novel "Do Androids Dream of Electric Sheep?" envisioned a 21st century of androids, flying cars and space colonies. What happened? Sure, we have...
View ArticleThree tax savings strategies for a secure retirement to try right now
Individuals who rushed to prepay property taxes after the passage of the Tax Cuts and Jobs Act may have saved some money in 2018—but that's pennies compared to the long-term tax savings taxpayers...
View ArticleWill U.S. employees benefit from tax law? Finance executives say yes
More than seven months after the passage of the Tax Cuts and Jobs Act, many Americans are wondering if corporations will use their newfound capital to offer workers higher wages, enhanced benefits, and...
View ArticlePrudential is a company that's changing the world, says Fortune magazine
In the decade since Prudential created the modern pension risk transfer, the company has issued billions of dollars in retirement payments to millions of retirees. Those payments—$5.2 billion to more...
View ArticleIn love, but don't want to get hitched? Think again, with your wallet
If it seems you've gotten fewer wedding invitations lately, it's not your imagination. Marriage is declining, and not only among young couples. Those nearing retirement age are shying away from...
View ArticleAfter a critical injury, a military family's financial planning helped them...
As the nation recognizes Military Saves Week this week, the Nelsons offer an example of how military caregivers can find the financial help they need to plan.
View ArticleLifetime income protection: An Equal Pay Day conversation
Caroline Feeney, head of Prudential Financial, Inc.'s Individual Solutions Group, talks with Ellevate CEO Kristy Wallace for an important conversation on Equal Pay Day.
View ArticleStructured settlements: Don't be fooled by a catchy TV jingle
When you hear the words "structured settlement," those late-night TV ads pop into your head, don't they? You know the ones—from companies promising to get you your money "now!" if you were awarded a...
View ArticleGig workers face unique challenges paying taxes, new Prudential poll finds
This week is crunch time for those who have yet to file their taxes, and though most of us look forward to the annual accounting dance about as much as we look forward to a root canal, America's 15.5...
View ArticleAccountants association counts on Prudential for retirement income
When the American Institute of Certified Public Accountants asked their longtime benefit providers for recommendations to help them achieve their retirement goals, Prudential created a simplified...
View ArticleWorking women in two-income households face unexpected retirement risk
Perceptions and reality of family life and marriage have changed dramatically in the last 50 years, yet the Center for Retirement Research at Boston College finds the retirement risks faced by working...
View ArticleGimme shelter: Desire for safety from volatility drives annuities sales...
Prudential Annuities' sales beat industry average as the business offers new products, expands distribution and moves into new markets.
View ArticlePrudential Financial Completes Historic Second-Largest Pension Longevity Risk...
HSBC Bank (UK) Pension Scheme announced a captive longevity reinsurance transaction with Prudential Financial, Inc. (NYSE: PRU) to transfer longevity risk associated with £7 billion ($8.7 billion) of...
View ArticleCompanies play increasingly critical role in employee financial wellness
By the year 2050, the number of people supporting each senior citizen worldwide is likely to be just one-third what it was in 1950 and half of what it is today.
View ArticlePrudential: Financial wellness during 'America Saves Week' and year-round...
NEWARK, N.J., February 26, 2018 - In recognition of America Saves Week and Military Saves Week (Feb. 26 through March 3), Prudential Financial, Inc. ( NYSE:PRU ) is calling on employers to adopt a...
View ArticleEmergency savings feature can help plan sponsors increase employees'...
NEWARK, N.J., July 24, 2018 - Most Americans don't have enough savings to cover unexpected expenses, tempting many to make the costly mistake of raiding their workplace retirement savings plans. Using...
View ArticleIn-plan retirement income options a win-win for plan sponsors
With the passage of the SECURE Act into law in December 2019, plan sponsors should not shy away from offering in-plan retirement income options in their defined contribution plans, as growing numbers...
View ArticlePrudential combats national debt crisis through new financial wellness offering
NEWARK, N.J., February 13, 2020 - Recognizing the negative impact of household debt on long-term financial security and retirement readiness, Prudential (NYSE:PRU) is partnering with national nonprofit...
View ArticlePrudential Retirement calls on the workplace to support savings at every life...
As America Saves Week kicks off on Feb. 24, Prudential Financial, Inc. is supporting our government's call for retirement readiness.
View ArticleWorking in retirement may be the new norm according to PGIM Investments study
NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about...
View ArticleNew research measures COVID-19's unexpected impact on future life expectancy...
New research from leading experts on longevity risk from around the globe will help pension funds and insurers properly assess liabilities in a post-pandemic world.
View ArticlePrudential expands financial wellness capabilities to address Americans' most...
NEWARK, N.J., April 11, 2019 - Prudential Financial, Inc. announced the introduction of a range of new financial wellness solutions to help address the most pressing financial challenges facing...
View ArticleEconomic turmoil shines light on need for retirement savings system repairs
The economic volatility wrought by COVID-19 is a wake-up call for the future of retirement savings. The message is especially urgent as it relates to those near the end of their careers or recently...
View ArticleValue of financial wellness programs on display during pandemic, new study finds
In a Prudential survey of retirement plan decision makers, nearly three-quarters reported the financial wellness programs they offer were in greater demand.
View ArticlePrudential survey: 2021 holds promise for financial advice and retirement...
Solid financial advice and ensuring long-term income security are top of mind as retirement plan providers look ahead to next year.
View ArticleWe're average students, getting a "C" when it comes to understanding...
NEWARK, N.J., April 10, 2019 - More than half of Americans say they'd earn a "C" or lower when it comes to financial literacy, according to a new survey conducted by Harris Poll on behalf of Prudential...
View ArticleUnsettled times require a new approach to retirement
In 2020, a confluence of factors made it challenging for individuals to fund their retirement goals. Indexed variable annuities are emerging as a solution.
View Article2020's tough lessons add up to new approach to saving in 2021
Americans are reevaluating their approach to savings coming off a tumultuous year. A full quarter of American workers have reduced or exhausted their emergency savings because of the pandemic.
View ArticleNearly half of Americans struggling with financial hardship amid pandemic...
A year into the COVID-19 pandemic, a Prudential survey finds that Americans are increasingly focused on near-term survival over planning for their future.
View ArticlePrudential launches FlexGuard Income indexed variable annuity – a new...
Prudential Financial Inc. today launched FlexGuard® Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of...
View ArticleHawaii renews agreement with Prudential Retirement to manage $2.4 billion plan
NEWARK, N.J., May 09, 2018 - State of Hawaii officials informed Prudential Retirement that Hawaii has renewed its contract with Prudential to oversee its State of Hawaii Deferred Compensation Plan...
View ArticlePrudential to oversee retirement plan for Norwegian Cruise Line Holdings Ltd.
NEWARK, N.J., October 04, 2018 - Prudential Retirement, among the industry's largest record keepers, has been selected to oversee the 401(k) retirement plan for Norwegian Cruise Line Holdings Ltd....
View ArticlePrudential chosen as public sector retirement plan provider for City of Santa...
NEWARK, N.J., January 14, 2019 - The City of Santa Ana (California) and the Ohio Association of Professional Fire Fighters have both selected Prudential Retirement as recordkeeper for their public...
View ArticleWestchester County taps Prudential to manage $607 million in retirement assets
NEWARK, N.J, March 20, 2019 - Westchester County selected Prudential Retirement as record keeper for its deferred compensation retirement plan. Prudential Retirement is a business unit of Prudential...
View Article7 tax tips to consider right now
Robert Fishbein shares advice to make doing taxes less taxing.
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