Retirement
Generation X confronts harsh new reality of retirement: unreadiness
More than one third of Gen Xers have less than $10K in retirement savings.
Barclays Bank UK Retirement Fund closes $8.1 billion UK longevity transaction with Prudential
The agreement with Barclays reinforces Prudential’s leadership in the global pension and longevity risk transfer market.
Prudential Financial completes sale to Empower of full-service retirement business
Transaction advances Prudential’s transformation into a higher growth, less market sensitive, more nimble business
Timber Operators Council Retirement Plan entrusts Prudential to fulfill $245 million in pension promises to 3,000 retirees and deferred participants
Prudential announced a pension risk transfer transaction, by which Timber Operators Council Retirement Plan (“TOCRP”) settled approximately $245 million of its pension plan obligations, for approximately 3,000 retirees, beneficiaries and deferred participants, through the purchase of a group annuity contract from The Prudential Insurance Company of America (PICA).
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 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.
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.