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.

March 06, 2018

American workers' financial security a job for employers, survey says

More than family, higher education or even government, American workers expect their employers to help them achieve financial security, a new Prudential survey reveals.

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).

January 10, 2018

How Prudential handles a 60 percent increase in customer calls on the busiest day of the year

It’s 7:55 a.m. on a Tuesday in January at Prudential Retirement’s call center near Scranton, Pennsylvania, and the 125 or so employees in the office are in anxious anticipation. In five minutes, they and their colleagues in Dubuque, Iowa; El Paso, Texas; and the Philippines will begin the busiest day of the year, answering questions from more than 17,000 clients over the course of a 13-hour day.

January 09, 2018

Smart savings can reduce retirement financial risk, up 19 percentage points in 30 years

Half of Americans won’t be able to maintain their standard of living after retirement, according to the most recently compiled National Retirement Risk Index. Fortunately, they can take steps to avert a cash-strapped future.

December 26, 2017
U.S. News & World Report

How to Save for Retirement in the Gig Economy

The freedom and flexibility that independent contracting affords make it attractive to millennials, but older generations are also taking notice. The typical gig worker, according to a Prudential white paper, is in his late 40s while the average age for the traditional full-time worker is 43. The primary motivator for joining the gig economy is overwhelmingly financial; 44 percent of gig workers included in the report said they pursued gig work to pay the bills. Older workers were more likely to gravitate toward such work for purely financial reasons.

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.

December 10, 2017

American workers trust life insurers for financial security, survey says

What keeps American workers awake at night? For one in three, it’s the fear of losing a loved one.

This finding, among several insights from the American Workers Surveycould be why 87 percent of respondents say life insurance is important, and why two in three have coverage.

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.