August 08, 2018

Prudential, Aviva reach first longevity reinsurance agreement as U.K. pension de-risking market surges

NEWARK, N.J., August 08, 2018 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE:PRU), and Aviva Life and Pensions U.K. Ltd. have struck their first longevity reinsurance transaction, establishing a new reinsurance partnership between these two market leaders.

August 07, 2018

Will U.S. employees benefit from tax law? Finance executives say yes

More than seven months after the passage of the Tax Cuts and Jobs Act, many Americans are wondering if corporations will use their newfound capital to offer workers higher wages, enhanced benefits, and additional job opportunities. According to a new survey of senior finance executives, that’s exactly what many companies have in mind.

July 26, 2018

Prudential and Raytheon reach agreement on $923 million pension risk transfer

NEWARK, N.J., July 26, 2018 - Raytheon (NYSE: RTN) will reduce its pension obligations by $923 million by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). The agreement transfers the responsibility for paying certain pension benefits to approximately 13,000 U.S. retirees, as well as their beneficiaries, from Raytheon’s previously discontinued operations.

July 24, 2018

Emergency savings feature can help plan sponsors increase employees’ financial wellness, Prudential says

NEWARK, N.J., July 24, 2018 - Most Americans don’t have enough savings to cover unexpected expenses, tempting many to make the costly mistake of raiding their workplace retirement savings plans. Using after-tax contributions to an existing retirement plan to build savings that can be accessed to cover emergencies could help, according to Prudential Financial, Inc. (NYSE: PRU).

July 12, 2018

Three tax savings strategies for a secure retirement to try right now

Individuals who rushed to prepay property taxes after the passage of the Tax Cuts and Jobs Act may have saved some money in 2018—but that’s pennies compared to the long-term tax savings taxpayers should take advantage of before the TCJA’s individual tax provisions are expected to expire in 2026.

July 10, 2018

Working in retirement may be the new norm according to PGIM Investments study

NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about Social Security and their own financial preparedness, a new study from PGIM Investments reveals.

July 02, 2018

Millennials’ vision of the future looks beyond flying cars

Fifty years ago, Philip K. Dick’s landmark sci-fi novel “Do Androids Dream of Electric Sheep?” envisioned a 21st century of androids, flying cars and space colonies. What happened? Sure, we have Android phones, but what about our flying cars?

June 19, 2018

Under new tax law, finance leaders show appetite for pension de-risking

The passage of the Tax Cuts and Jobs Act is driving senior finance executives to reduce the liability risks associated with their corporate defined benefit (DB) pension plans. That revelation was one of the important findings of a new study conducted by CFO Research in collaboration with Prudential Financial, focusing on how the new tax law is influencing a range of pension fund-related decisions.

June 18, 2018

Divorce compounds retirement risk

NEWARK, N.J., June 18, 2018 - Divorced Americans are at greater risk of not being able to maintain their standard of living in retirement, according to new research conducted by the Center for Retirement Research at Boston College with the support of Prudential Financial, Inc. (NYSE: PRU).

June 14, 2018

Annuities on the upswing as more Americans shift to a post-retirement income mindset

Americans are not just living longer, they’re living younger, active lives. That’s a good thing.

But it also presents a problem. Americans are facing a silent, growing crisis. Retirement is no longer an end-stage; it’s a transition point. And as Americans live longer, active lives, they could have a greater chance of running out of retirement savings.