September 05, 2017

The Board of Directors of Prudential Funds adds two new independent directors to its open-end mutual fund board

NEWARK, N.J., Sept.5, 2017 – Barry H. Evans and Laurie Simon Hodrick have been named independent directors for open-end mutual funds offered by PGIM Investments, the $90 billion retail investments business of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

September 05, 2017

Quincy Krosby: North Korea concerns continue to weigh on U.S. markets

Heightened geopolitical concerns centered on North Korea will once again weigh on U.S. markets this week amid reports in the South Korean press that the north is preparing for another intercontintental missile launch, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

September 01, 2017

Choosing the same “walkway” key to couples’ retirement success

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.

August 30, 2017

Gig economy may threaten financial wellness of contract workers, Prudential survey shows

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.

August 30, 2017

Paul Gable joins Prudential Group Insurance as chief underwriting officer

NEWARK, N.J., Aug. 30, 2017 - Paul Gable has joined Prudential Group Insurance as chief underwriting officer, where he will assume national leadership of all underwriting functions. Prudential Group Insurance is a business of Prudential Financial, Inc. (NYSE:PRU).

August 29, 2017

Prudential supports Hurricane Harvey relief efforts

Prudential supports the heroic recovery and relief efforts underway in the wake of Hurricane Harvey. The Prudential Foundation has pledged a $500,000 grant to the American Red Cross, which has been providing shelter, food and search and rescue operations in Texas and the Gulf Coast.

August 28, 2017

Quincy Krosby: Hurricane Harvey, tax reform and employment data may stir market this week

For what is typically a quiet week in August, the market must digest a package of important market-moving data releases, the President’s visit to Texas in the wake of Hurricane Harvey and the beginning of his tax reform roadshow... 

August 25, 2017

Hardship withdrawals peak in August, operations data analysis reveals

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.

August 21, 2017

Quincy Krosby: Geopolitical concerns continue to shadow market this week

Geopolitical concerns continue to hover over the market this week as the U.S. and South Korea began joint military exercises amid threats from North Korea, Prudential’s Chief Market Strategist Quincy Krosby said on her weekly “Connecting the Dots” outlook.

August 15, 2017

Finance chiefs’ pension risk transfer motivations revealed in new research

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.