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.
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.
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.
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