07 May 2013

Prudential Retirement partners with Wells Fargo to offer guaranteed lifetime income solution

NEWARK, N.J., May 07, 2013 - Prudential Retirement and Wells Fargo announced that Wells Fargo will make Prudential Retirement Insurance and Annuity Company’s guaranteed lifetime income solution, Prudential IncomeFlex® Target (Prudential IncomeFlex®) , available to their more than 3,000 defined contribution retirement plans, covering more than three million plan participants. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU). (more)
25 March 2013

2012 MullinTBG/PLANSPONSOR report reaffirms significance of nonqualified deferred compensation plans in helping executives meet retirement savings goals

NEWARK, N.J., March 25, 2013 - The seventh annual MullinTBG/PLANSPONSOR Executive Benefits Survey reveals that executives now more than ever need options like nonqualified deferred compensation plans (NQDCPs) to help them achieve their savings goals. Higher tax rates and historically low interest rates present potentially greater challenges for highly compensated employees trying to save for retirement and meet other financial goals, making deferring compensation into a nonqualified plan especially attractive. For example, the survey shows a vast majority of companies (91%) are now offering nonqualified deferred compensation plans (NQDCPs). MullinTBG is a Prudential Financial, Inc. company (NYSE: PRU). (more)
18 March 2013

Prudential Retirement expands Pension Risk Transfer team

Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), announced today that Rohit Mathur has joined Prudential Retirement’s pension risk transfer (PRT) team in the newly created role of senior vice president, Global Product and Market Solutions. (more)
12 March 2013

Prudential Retirement white paper: Stable value a safer and more secure investment option post financial crisis

NEWARK, N.J., March 12, 2013 - Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE:PRU), today released a new white paper, “Assessing Stable Value After 2008: Performing as Designed.” (more)
05 March 2013

Prudential Retirement adds four new plan sponsor clients

NEWARK, N.J., March 05, 2013 - Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), today announced four new plan sponsor clients with over 1,500 participants. (more)