As a result of this transaction, PFI, through its subsidiary The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning May 15, 2024.

NEWARK, N.J.--(BUSINESS WIRE)-- International Paper (NYSE: IP) will settle approximately $1.6 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance ...

OneAmerica Financial Partners Inc. has recently hired Prudential Retirement's head of sales and strategic relations, Michael Domingos, for a similar role at the firm. Domingos will start in the newly ...

While mass affluent individuals are confident about how prepared they are for retirement, a recent report from Prudential Financial Inc. shows there’s still more work ahead to ensure a lifetime, ...

Lacey Lockward to head Stable Value business; Alex Hyten to lead Structured Settlements, both with P&L responsibilities. Lacey Lockward, head of Stable Value, Prudential Retirement (Photo: Business ...

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NEWARK, N.J.--(BUSINESS WIRE)--The Southeastern Pennsylvania Transportation Authority (SEPTA), a regional public transportation authority that serves nearly 4 million people in and around Philadelphia ...

Prudential Financial has reorganized its remaining retirement business units, creating Prudential Retirement Strategies, which will serve individual and institutional customers. The changes follow the ...

In a deal valued at $3.55 billion, Empower Retirement is buying Prudential Financial’s full-service retirement business, the firms announced on Wednesday. Prudential expects to receive total proceeds ...

As of Nov. 18, 2020, Prudential oversees Genesis’ $1.1 billion in retirement assets covering more than 22,000 employees across two plans. The contract adds to Prudential’s robust portfolio in the ...