September 24, 2019

American workers putting more thought into choosing annual benefits, new Prudential survey shows

NEWARK, N.J., Sept. 24, 2019 — Almost two-thirds of American workers did not automatically choose the same benefits as the previous year, indicating they are putting more thought into their choices during open enrollment, “Employee Insights on Open Enrollment," a new survey released by Prudential Financial (NYSE: PRU) shows.

September 23, 2019

PGIM enhances European operations

NEWARK, N.J., Sept. 23, 2019 – PGIM, the global investment management business of U.S.-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2019, continues to enhance its European footprint following the recent approval, by the Dutch Authority for the Financial Markets, for it to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.

September 20, 2019

Companies play increasingly critical role in employee financial wellness

By the year 2050, the number of people supporting each senior citizen worldwide is likely to be just one-third what it was in 1950 and half of what it is today.

September 19, 2019

The Fed serves up another incremental cut amid “disparate perspectives”

The Federal Reserve again nudged the Fed funds rate target down another 25 basis points to 1.75%-2.0% in its latest policy meeting. In a sign of just how divided the Fed is over the appropriate policy stance, however, three FOMC members dissented from the decision.

September 18, 2019

The potential implications of investing in coal-heavy utilities

Do utility bonds issued by more carbon-intensive utilities trade at a discount? Or are bonds issued by utilities with less reliance on coal—but with yields similar to their peers—the better trade? PGIM Fixed Income credit analysts weigh in.

September 05, 2019

Prudential Financial to acquire Assurance IQ, Inc., a leading consumer solutions platform for health and financial wellness needs, for $2.35 billion

NEWARK, N.J., & BELLEVUE, Wash., September 05, 2019 - Prudential Financial, Inc. (NYSE: PRU) today announced that it has signed a definitive agreement to acquire Assurance IQ, Inc., “Assurance,” a profitable, fast-growing direct-to-consumer platform that transforms the buying experience for individuals seeking personalized health and financial wellness solutions.

September 03, 2019

National awards program seeking America's top youth volunteers of 2020

Today through November 5, 2019, The Prudential Spirit of Community Awards is looking for the top youth volunteers of the year in each U.S. state and the District of Columbia. Students in grades 5-12 are invited to apply.

September 03, 2019

PGIM taps talent of student veterans for new internship program

Marine veteran Marvin Sosa is one of seven interns in PGIM’s inaugural student veteran cohort program, which connects college-enrolled veterans with quality work experience, as well as career coaching, professional development and networking opportunities through a series of activities with senior leaders, mentors, office buddies and Prudential’s VetNet business resource group.

August 29, 2019

Prudential Financial announces leadership succession for U.S. Businesses

NEWARK, N.J., August 29, 2019 - Prudential Financial, Inc. (NYSE:PRU) today announced that Andrew Sullivan will succeed Stephen Pelletier as executive vice president and head of U.S. Businesses, reporting to Chairman and CEO Charles Lowrey, effective December 1. Pelletier will retire following an extraordinary 27-year career with the company, in which he led Group Insurance and Prudential Annuities, and founded Prudential’s international asset management businesses, now PGIM Global Partners.

August 29, 2019

U.S. Businesses leadership succession: a conversation with Pelletier and Sullivan

Stephen Pelletier and Andrew Sullivan discuss Prudential's leadership transition, our U.S. Businesses financial wellness strategy, the needs of the market and what we are doing to meet them.