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.

September 01, 2017

Choosing the same “walkway” key to couples’ retirement success

The decision to retire and enter a new, unfamiliar stage in life can be a challenge for anyone who has spent decades in the workplace. But including a spouse or partner in the equation—whether he or she is ready to retire—adds another layer of complexity.

August 30, 2017

Gig economy may threaten financial wellness of contract workers, Prudential survey shows

NEWARK, N.J., Aug. 30, 2017 - The gig economy — the increasingly popular employment model where people work as independent contractors rather than employees of companies — has a destabilizing effect on personal financial security, a Prudential Financial, Inc. (NYSE: PRU) survey shows.

August 25, 2017

Hardship withdrawals peak in August, operations data analysis reveals

In her 29-year career at Prudential Financial, Inc., Sue Unvarsky has learned the retirement business inside and out—Yet even she was surprised to discover how an internal analysis of transactional volumes revealed a cyclical threat to her customers’ financial futures.

August 15, 2017

Finance chiefs’ pension risk transfer motivations revealed in new research

NEWARK, N.J., Aug. 15, 2017 - The increasing costs and volatility of managing defined benefit pension plans have long been at the center of the motivations for transferring a company’s pension risk to an insurer. But which costs and what kinds of volatility are finance chiefs most concerned about? A new survey involving 80 senior finance executives at companies with traditional pensions sheds light on the motivations behind pension risk transfer decisions in the executive suite. 

July 20, 2017

Prudential places customers at its structural core; announces new leadership architecture for U.S. businesses

NEWARK, N.J., July 20, 2017 - Prudential Financial, Inc. (NYSE:PRU) today announced a new organizational structure for its U.S. businesses that extends its customer reach and facilitates pathways to new markets. The structure better reflects the company’s strategic focus on leveraging its mix of businesses and its digital and customer engagement capabilities to expand its value proposition for the benefit of customers and stakeholders.

June 26, 2017

The Hartford entrusts Prudential with $1.6 billion in pension obligations for 16,000 former U.S. employees

NEWARK, N.J., June 26, 2017 - The Hartford has agreed to settle $1.6 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, the company announced today. The agreement transfers responsibility for paying the pension benefits of approximately 16,000 of The Hartford’s retirees and former U.S. employees, as well as their beneficiaries. The transaction represents approximately 29 percent of The Hartford’s pension obligations.

June 22, 2017

Prudential: public service employee pensions only a step to retirement security, survey says

NEWARK, N.J., June 22, 2017 - Despite a persistent belief that public employees such as teachers, police and firefighters will be taken care of in retirement thanks to the pension plans of old, a survey sponsored by Prudential Retirement shows that today’s shifting political and economic landscape may have left them and their employers on shaky ground.

June 20, 2017

Talent shortages present opportunities for U.S. hospitals, survey finds

In the next 10 years, the nation’s biggest healthcare crisis may be a serious shortage of specialists, generalist physicians, nurses and other clinicians that will hamper the ability of hospitals to deliver high-quality care.