January 31, 2019

Prudential partners with military, veterans’ nonprofits on financial wellness

More than half of millennial military veterans say they are very worried about their financial futures. When it comes to those veterans—many who served in Iraq and Afghanistan post-9/11—only a fifth say they have all they need or are on track to keep up with current expenses, according to Prudential’s Financial Wellness Census™.

January 30, 2019

Prudential names Jon Cressman head of IBD and bank and wire distribution

NEWARK, N.J., January 30, 2019 - Prudential Financial, Inc. (NYSE: PRU) is consolidating its annuities sales and distribution leadership of banks, wirehouses and independent broker-dealers under one unit to increase efficiency across sales channels.

January 30, 2019

QMA’s 2019 outlook & review: Are we there yet?

In QMA’s 2019 Outlook & Review, QMA’s Ed Campbell and the global multi-asset solutions team take on the daunting task of peering 12 months into the future. Will 2019 bring a return to more placid and pleasant times, or are treacherous markets likely to remain as the calendar turns?

January 29, 2019

Lockheed Martin transfers $1.8 billion in pension obligations to Prudential Retirement

NEWARK, N.J., January 29, 2019 - Lockheed Martin Corporation (NYSE: LMT) has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). Approximately 32,000 of Lockheed Martin’s retirees will receive their monthly pension benefit payments from Prudential as part of this buy-out agreement.

January 23, 2019

Prudential Capital Group provides $12.53 billion in private debt to middle-market companies in 2018

CHICAGO, January 23, 2019 - Prudential Capital Group provided $12.53 billion of senior debt and junior capital to over 200 middle-market companies and projects globally in 2018. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

January 17, 2019

Prudential offers assistance to federal employees affected by government shutdown

Our customers who are federal employees and affected by the government shutdown do not need to worry about losing their coverage with Prudential as a result of this event.

January 17, 2019

PGIM Real Estate’s global real estate trends for 2019

In its Trends for 2019 outlook, PGIM Real Estate’s investment research team says that despite concerns about elevated real estate pricing, a perceived lack of available stock, heightened political uncertainty and a shifting policy environment, there is still plenty of capital targeting real estate.

January 14, 2019

PGIM Fixed Income’s first quarter market outlook: ‘More of less; Embracing the lukewarm’

PGIM Fixed Income’s first quarter 2019 outlook follows a period of heightened market volatility and notable developments in politics, monetary policy and economics. Yet, as several of PGIM’s portfolio managers note, amid stable, more moderate global growth, recent volatility may have opened a window of near-term opportunities.

January 14, 2019

Prudential chosen as public sector retirement plan provider for City of Santa Ana and Ohio Association of Professional Fire Fighters

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 sector retirement plans, reflecting the demand for customized financial wellness solutions among public employees. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

January 11, 2019

Prudential Financial chooses Yard 56 for its first Opportunity Zone Investment to drive catalytic revitalization in Baltimore, Maryland

BALTIMORE, Jan. 11, 2019 – Prudential Financial’s Impact Investments group announced today that it has selected Phase I of Yard 56 in East Baltimore for its first Qualified Opportunity Zone Investment.