Under 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 of the important findings of a new study conducted by CFO Research in collaboration with Prudential Financial, focusing on how the new tax law is influencing a range of pension fund-related decisions.

Annuities on the upswing as more Americans shift to a post-retirement income mindset

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 an end-stage; it’s a transition point. And as Americans live longer, active lives, they could have a greater chance of running out of retirement savings.

Prudential names Caroline Feeney head of Individual Solutions Group

NEWARK, N.J., June 13, 2018 - Prudential Financial, Inc. (NYSE: PRU) today announced that Caroline Feeney, currently president of Individual Life Insurance, will serve as head of Individual Solutions Group, which comprises Annuities and Individual Life Insurance. Salene Hitchcock-Gear, currently president of Prudential Advisors, will serve as president of Individual Life Insurance, which includes Prudential Advisors. The appointments will take effect on June 15, 2018.

Social Security’s slide: Time to hit the panic button?

Social Security’s announcement that the program will operate at a deficit this year delivers a stark warning to future retirees counting on Social Security as their main source of income.

Stable 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 contracts that guarantee a specific minimum return. A new white paper from Prudential Financial, Inc., "529 Plans: Assessing the Stable Value Option", examines why.

Looking ahead after the U.S.-North Korea summit

In “Looking Ahead After the U.S.-North Korea Summit,” Gerwin Bell, Ph.D., lead economist for Asia on PGIM Fixed Income’s Global Macroeconomic Research Team, and Mehill Marku, portfolio manager for PGIM Fixed Income’s Foreign Exchange Team, examine two competing schools of thought concerning how the delicate relationship between the two countries may evolve.

PGIM Real Estate enters San Francisco Bay Area multifamily joint venture with CityView managed client

PGIM Real Estate has formed a joint venture with a public pension fund client of CityView to acquire a 50 percent interest in a portfolio of five Class A multifamily properties in the San Francisco Bay Area. The portfolio is valued at approximately $500 million.


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