Prudential Financial (NYSE:PRU) and Pension Insurance Corporation (PIC) have joined forces to broaden pension de-risking for smaller pension schemes, by expediting the availability of longevity ...

Prudential Retirement’s first-of-its-kind approach opens a new path for plan sponsors looking to transfer all defined benefit risk to insurers. NEWARK, N.J.--(BUSINESS WIRE)--Prudential Retirement, a ...

As U.S. Treasury yields approach a record low amid growing concerns about the European sovereign debt crisis, [2] employers will be tempted to offload pension obligations, but will be wary of the ...

NEWARK, N.J.--(BUSINESS WIRE)--International Paper (NYSE:IP) will settle approximately $1.3 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance ...

NEWARK, N.J.--(BUSINESS WIRE)-- Lockheed Martin Corporation (NYSE:LMT) has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential ...

DETROIT, MI- General Motors Co. and Prudential Insurance Company of America have closed on a deal for the financial services company to purchase a group annuity contract for the automaker's U.S.

Prudential completes pension transfer agreement with General Motors Co. NEWARK, N.J.--(BUSINESS WIRE)-- The Prudential Insurance Company of America, a Prudential Financial, Inc. company (NYS: PRU) , ...

For years, British manufacturers have realized they’re better at making widgets than managing pension plans. Now, the hope is that more American companies will come to the same conclusion, thanks to a ...

Prudential Financial reported a 36% year-on-year increase in pre-tax operating income for its financial services business for the fourth quarter of 2013, helped largely by pension risk transfer ...

Prudential announced that the Verizon Management Pension Plan purchased a single premium group annuity contract from Prudential Insurance to settle approximately $7.5 billion of pension liabilities of ...

British insurer Legal & General will offer annuities to Prudential pension savers in a deal it expects will increase its 2020 annuity sales by 15%, L&G said on Friday. Legal & General is one of the ...

A former member of the Ryland Group Pension Scheme will not have to reimburse Prudential after the provider botched the administration of his pension sharing order, the Pensions Ombudsman ruled in ...