Media Contact:

Retirement
Josh Stoffregen / 973-802-3996 / josh.stoffregen@prudential.com

April 02, 2018

Prudential offers Guaranteed Income For Tomorrow (GIFT)SM

NEWARK, N.J., April 2, 2018 – Increasing longevity has made outliving assets in retirement a concern for many Americans, with 67 percent of U.S. workers saying they fear their retirement savings won’t last, according to a 2016 Prudential report. To help Americans supplement their retirement savings, Prudential Financial, Inc. (NYSE: PRU) has introduced its first online income product, a voluntary deferred income annuity designed to generate guaranteed lifetime income.

March 27, 2018

Prudential develops innovative process with PIC to help small pensions de-risk

NEWARK, N.J., March 27, 2018 - A collaborative effort between Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Pension Insurance Corporation (PIC) has created an innovative new approach for expediting longevity reinsurance transactions for smaller pension buy-ins and buy-outs. This new approach combines an advance commitment of capital, known pricing and the bundling of multiple transactions into a single closing to enable PIC to more nimbly and efficiently address the risk transfer needs of small pensions and their retirees.

February 26, 2018

Prudential: Financial wellness during ‘America Saves Week’ and year-round benefits employers and employees

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 benefits program with financial wellness at its core to help improve financial security for American workers.

February 22, 2018

IBERIABANK selects Prudential Retirement as new provider for $135M retirement plans

NEWARK, N.J., February 22, 2018 - IBERIABANK Corp., a financial holding company headquartered in Lafayette, Louisiana, hired Prudential Retirement to serve as the retirement services provider for its 401(k) and non-qualified deferred compensation plans. Prudential Retirement, among the industry’s largest recordkeepers and a leader in providing non-qualified deferred compensation plans, is a business unit of Prudential Financial, Inc. (NYSE: PRU).

February 05, 2018

Prudential Financial and Scottish Widows reach first longevity reinsurance agreement

NEWARK, N.J., February 05, 2018 - The Prudential Insurance Company of America (PICA) a Prudential Financial, Inc. company (NYSE:PRU), and Scottish Widows Limited, a subsidiary of Lloyds Banking Group plc, agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows.

December 21, 2017

Prudential, Legal & General reach sixth longevity reinsurance agreement

Prudential Retirement and Legal & General Group plc concluded their sixth longevity reinsurance agreement since 2014.

November 09, 2017

Prudential, 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 transaction since 2015. In the agreement, The Prudential Insurance Company of America assumes the longevity risk for $1.2 billion (about £900 million) in pension liabilities, covering approximately 4,000 pensioners across four pension schemes.

October 02, 2017

Prudential Entrusted with Pension Promises to Approximately 45,000 International Paper Retirees

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 Company of America (NYSE: PRU), a leader in retirement benefits. The agreement transfers to Prudential the responsibility for paying pension benefits to roughly 45,000 of International Paper’s retirees and their beneficiaries.

September 22, 2017

For Asia’s rapidly aging populations, innovation and forward-thinking policies drive retirement security

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, pensions and policy makers.

September 14, 2017

MMC UK Pension Fund, advised by Mercer, selects Prudential and Canada Life Reinsurance to reinsure the longevity risk of £3.4 Billion ($4.3 billion) in pension liabilities

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 billion ($4.3 billion) in pension liabilities, will provide long-term protection and income to the Fund in the event that the covered participants live longer than expected. It also lowers the risk that Marsh & McLennan Companies will face unexpected pension contributions due to an increase in pensioner life expectancy.