Income

Each year, key executives from Prudential Retirement gather with policy makers, business leaders, and researchers from across the globe for the annual International Longevity Risk and Markets Solutions Conference to address aging trends and the global challenge of creating retirement security. Offering insights into how we grapple with this demographic shift were Dylan Tyson, the Chief Executive for Prudential of Taiwan, and Amy Kessler, Prudential’s head of Longevity Risk Transfer.

Chairman and CEO John Strangfeld joined some of the biggest names in investing at the Future Investment Initiative conference in Saudi Arabia this week. Prior to his panel appearance, Strangfeld was interviewed live by Maria Bartiromo for her “Mornings with Maria” segment on Fox Business. Bartiromo covered a range of topics, from the prospects for tax reform in the United States to the recent debate in Washington, D.C., about potential changes to limits on 401(k) contributions.

NEWARK, N.J., Oct. 02, 2017 - International Paper (NYSE:IP) will settle approximately $1.3 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America (NYSE: PRU), a leader in retirement benefits. The agreement transfers to Prudential the responsibility for paying pension benefits to roughly 45,000 of International Paper’s retirees and their beneficiaries.

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.

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.

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.

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.

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.

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. 

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.