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 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 ...

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 ...

Prudential Financial unveiled its first significant transaction in the pension sector this year. Through its subsidiary, Prudential Insurance Co. of America, the financial services giant has completed ...

A combination of chronic underfunding, new mortality assumptions and increasing premiums and liabilities is pushing corporations with pension plans to transfer their pension risk using annuities, ...

Prudential has bagged another big pension risk transfer deal, one the company believes to be the third largest transaction of its kind in the United States. The insurer said yesterday that it will ...

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) , ...

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 ...

Prudential Retirement announced the completion of the nation's first pension buy-in transaction. Hickory Springs Manufacturing Company signed on as Prudential's inaugural client, heralding the entry ...

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 ...

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 ...