PGIM, the asset management division of Prudential Financial (NYSE:PRU), has launched its first private credit collective investment trust for defined contribution retirement plans. The new vehicle is ...

Before the 2008 financial crisis, guaranteed benefits were a typical part of annuities. Now, those benefits have been drastically reduced or eliminated, and many key players, including Hartford ...

Prudential Financial, Inc. and Fortitude Group Holdings, LLC, the parent company of Bermuda’s largest multi-line reinsurer (“Fortitude Re”), today announced the completed sale to Fortitude Re of a ...

Prudential Financial, Inc. (NYSE: PRU) is collaborating with Fidelity Investments™ to address growing demand among consumers for a workplace retirement plan option that will convert participants’ ...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today announced the launch of FlexGuard 2.0, the next evolution of the company’s flagship retail registered index-linked annuity ...

Newark, N.J.-based Prudential Financial is continuing to grow its distribution channel, Prudential Advisors, by introducing a fee-based annuity solution along with its first fee-based variable annuity ...

NEW YORK (Reuters) - The Financial Industry Regulatory Authority fined Prudential Annuities Distributors $950,000 on Tuesday for failing to prevent the fraudulent withdrawal of nearly $1.3 million ...

A variable annuity is a way to get the stability of a traditional annuity product with the gains of an investment account—for a price. Unlike with a more common fixed annuity, a variable annuity lets ...

Prudential recently launched Prudential SimplyIncomeSM — a new single-premium immediate annuity, or SPIA — within employer-based retirement plans administered by Fidelity Investments. Prudential is ...