Media Contact:

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

June 13, 2017

Working women may be facing a retirement income crisis

An in-depth look at the retirement account balances of men and women by Prudential Retirement reveals an alarming disparity: Even as the fight for equal pay has helped shrink the gender wage gap, retirement savings of working women have fallen far behind men, putting them at great risk of outliving their hard-won earnings.

June 05, 2017

Prudential Retirement wins N.Y. Union Plan; oversees $5.7 billion in retirement assets

NEWARK, N.J., June 5, 2017 - The Joint Industry Board (JIB), a New York-based labor/management organization serving the International Brotherhood of Electrical Workers (IBEW) Local Union No. 3 members and their employers since 1943, selected Prudential Retirement to be the recordkeeper for its Deferred Salary Plan, or 401(k) plan. Prudential Retirement, among the industry’s largest recordkeepers and leading provider of Taft-Hartley retirement plan solutions, is a business unit of Prudential Financial, Inc. (NYSE: PRU).
May 25, 2017

Prudential: Guaranteed lifetime income options in 401(k)s helps bring financial security closer to employees, helps reduce costs for employers

NEWARK, N.J., May 25, 2017 - Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial1. And a new paper from Prudential Retirement says employers can also benefit through improved workforce management and reduced workforce costs. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU).

May 16, 2017

Prudential doubles down on financial wellness; offers new tools to unlock “The Wellness Effect”

NEWARK, N.J., May 16, 2017 - Prudential Financial, Inc. (NYSE: PRU) has deepened its commitment to the financial wellness of American families. The company announced a three-year $5 million partnership with the Aspen Institute to advance solutions that increase financial security for all American workers, and armed employers with new tools and resources to help them to understand and improve the financial health of their workforce.

May 08, 2017

Prudential names Phil Waldeck president and CEO of Prudential Retirement

NEWARK, N.J., May 8, 2017 - Prudential Financial, Inc. (NYSE: PRU), announced that Phil Waldeck has been named President and Chief Executive Officer of Prudential Retirement, a division of Prudential Financial, Inc., effective June 5. He succeeds Christine Marcks, who has informed the company of her decision to retire after more than 13 years of distinguished service, 10 of which were in the role of President and CEO.
March 09, 2017

Prudential Retirement, Rothesay Life strike $1.2 billion longevity reinsurance agreement in sixth transaction

NEWARK, N.J., March 9, 2017 Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE: PRU), and Rothesay Life Plc, today reaffirmed their growing partnership by agreeing to their sixth longevity reinsurance transaction since 2011. In the agreement, Prudential assumes the longevity risk for $1.2 billion (about £960 million) in pension liabilities, covering approximately 22,500 pensioners across eight pension plans.

February 28, 2017

Three organizations hire Prudential Retirement to manage $132 million in DC plan assets

NEWARK, N.J., Feb. 28, 2017 - Three organizations, including two nonprofits, have recently hired Prudential Retirement to administer their defined contribution plans, the company announced today. Prudential Retirement, among the industry’s largest recordkeepers, is a business unit of Prudential Financial, Inc. (NYSE:PRU).
February 27, 2017

Prudential Retirement calls on Americans to balance financial priorities for America Saves Week

NEWARK, N.J., Feb. 27, 2017 - Achieving personal savings goals has never been more important than developing a balanced plan for managing financial wellness. In conjunction with 2017’s America Saves Week campaign held Feb. 27 through March 4, Prudential Retirement is encouraging American workers to save more money while balancing multiple financial priorities. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

January 10, 2017

Nassau County $1.3 billion government plan renews with Prudential Retirement

NEWARK, N.J., Jan. 10, 2017 - Nassau County has recommitted to Prudential Retirement as recordkeeper for its 457 Deferred Compensation Retirement Plan, which has approximately 9,800 participants and $1.3 billion in assets. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).
December 20, 2016

Three private companies hire Prudential Retirement to manage DC plans

NEWARK, N.J., Dec. 20, 2016 - Three private companies with more than 10,000 retirement plan participants have chosen Prudential Retirement to administer their defined contribution plans, the company announced today. Prudential Retirement, among the industry’s largest recordkeepers, is a business unit of Prudential Financial, Inc. (NYSE: PRU).