In-plan retirement income options a win-win for plan sponsors
With the passage of the SECURE Act into law in December 2019, plan sponsors should not shy away from offering in-plan retirement income options in their defined contribution plans, as growing numbers of participants are moving to retirement and need to shift focus from asset accumulation to decumulation.
Companies play increasingly critical role in employee financial wellness
By the year 2050, the number of people supporting each senior citizen worldwide is likely to be just one-third what it was in 1950 and half of what it is today.
Prudential Financial completes historic second-largest pension longevity risk transfer
HSBC Bank (UK) Pension Scheme announced a captive longevity reinsurance transaction with Prudential Financial, Inc. (NYSE: PRU) to transfer longevity risk associated with £7 billion ($8.7 billion) of pensioner liabilities.
Gimme shelter: Desire for safety from volatility drives annuities sales resurgence
Prudential Annuities’ sales beat industry average as the business offers new products, expands distribution and moves into new markets.
Working women in two-income households face unexpected retirement risk
Perceptions and reality of family life and marriage have changed dramatically in the last 50 years, yet the Center for Retirement Research at Boston College finds the retirement risks faced by working women in two-income households may be greater than what many believe.
Accountants association counts on Prudential for retirement income
When the American Institute of Certified Public Accountants asked their longtime benefit providers for recommendations to help them achieve their retirement goals, Prudential created a simplified solution to provide a guaranteed source of income.
Gig workers face unique challenges paying taxes, new Prudential poll finds
This week is crunch time for those who have yet to file their taxes, and though most of us look forward to the annual accounting dance about as much as we look forward to a root canal, America’s 15.5 million independent workers find it even more stressful and complicated than the rest of us.
Prudential expands financial wellness capabilities to address Americans’ most pressing financial needs
NEWARK, N.J., April 11, 2019 - Prudential Financial, Inc. announced the introduction of a range of new financial wellness solutions to help address the most pressing financial challenges facing American consumers.
We’re average students, getting a “C” when it comes to understanding finances, Americans say
NEWARK, N.J., April 10, 2019 - More than half of Americans say they’d earn a “C” or lower when it comes to financial literacy, according to a new survey conducted by Harris Poll on behalf of Prudential Financial, Inc. (NYSE: PRU).
Structured settlements: Don’t be fooled by a catchy TV jingle
Dispelling the myths around structured settlements is one of Michelle Caine’s primary goals as she assumes the presidency of the 35-year-old National Structured Settlements Trade Association.