Yesterday, Hartford Financial Services Group Inc. announced that it will purchase a group annuity contract from Prudential Financial, transferring $1.6 billion of its $5.65 billion in U.S. pension liabilities. According to a recent Pensions & Investments article, the transfer will be effective Friday. Hartford’s 8-K …
Prudential Annuities has released some new annuity products over the past year and a half. Each product offers benefits geared towards a specific group of people. All of the products were designed as alternative ways to save and provide income instead of traditional savings and …
While this hasn’t happened in America, I thought it was interesting nonetheless. Prudential is closing the annuity gender gap in England, according to This is Money’s Stephen Womack. In his article, “Prudential is first insurer to close gender gap,” today is the day that Prudential …
As MetLife scales back on their variable annuities, other companies are picking up the market share. According to Bloomberg Business News’ “Prudential Joins AIG Taking Annuities Share From MetLife,” Zachary Tracer says that Prudential and AIG are the main companies who have capitalized on MetLife’s …
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