Retirement
Empower Retirement to acquire full-service retirement business of Prudential Financial, Inc.
Empower Retirement and Prudential Financial, Inc. have entered into a definitive agreement for Empower to acquire Prudential’s full-service retirement business.
Prudential launches FlexGuard Income indexed variable annuity – a new investment and income strategy with enhanced flexibility and control
Prudential Financial Inc. today launched FlexGuard® Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of protection and the ability to help enhance income in retirement.
Prudential, Zurich close significant £6 billion longevity reinsurance transaction
Prudential Retirement’s International Reinsurance business has closed its first reinsurance transaction involving an unnamed U.K. pension scheme using an independent U.K.-regulated insurer, Zurich Assurance Ltd., as intermediary.
Prudential’s FlexGuard indexed variable annuity adds Invesco QQQ ETF and BlackRock iShares Russell 2000 ETF as options
NEWARK, N.J., April 1, 2021 – Prudential Financial, Inc. (NYSE: PRU) added two of the largest exchange-traded funds (ETFs)—the Invesco QQQ ETF (NASDAQ: QQQ), which tracks the Nasdaq-100 Index, and the BlackRock iShares Russell 2000 ETF (NYSE: IWM)—as options within the crediting strategies of Prudential’s FlexGuard® indexed variable annuity.
Prudential to launch new managed advice platform, powered by NextCapital
Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has unveiled Advice and Income Engines at Prudential, a next-generation digital managed advice platform, powered by NextCapital.
Prudential Financial announces new leader of US insurance and retirement businesses
Prudential Financial, Inc. (NYSE: PRU) has appointed Caroline Feeney as CEO of its U.S. Insurance & Retirement Businesses.
Genesis Healthcare, Inc. selects Prudential to oversee $1.1B in retirement assets
Genesis Healthcare, Inc. (Genesis), one of the nation’s largest post-acute care providers with more than 325 skilled nursing centers and senior living communities in 24 states nationwide, has selected Prudential Retirement as record keeper for its defined contribution retirement plans.
Prudential partners with US Department of Veterans Affairs to support military community’s financial well-being
Prudential Financial, Inc. (NYSE: PRU), is partnering with the U.S. Department of Veterans Affairs (VA) to provide Veterans, transitioning Servicemembers and their families with access to financial wellness resources to improve their economic well-being and financial stability at no cost.
FlexGuard achieves record-setting $1B in sales less than six months after launch
NEWARK, N.J., November 19, 2020 - FlexGuardSM, Prudential Financial, Inc.’s (NYSE: PRU) first indexed variable annuity product, achieved $1 billion in sales less than six months after launch,i making it the fastest-selling product of its kind ever, according to annuity sales data from the Secure Retirement Institute.
Prudential Retirement enters funded reinsurance business
NEWARK, N.J., October 30, 2020 — Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), is expanding its global longevity reinsurance business with a new offering driven by explosive growth in the U.K. pension market.