Prudential Insaurance Co. Of America
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Massachusetts' Galvin investigates fund pricing glitches
Massachusetts' top securities cop is investigating the failure of an accounting platform he said delayed correct pricing for billions of dollars in mutual funds and ETFs.
Edward Jones' proprietary funds are outselling nearly all active managers
Firm has raised $8.1 billion for its seven Bridge Builder funds this year as it moves money from its fee-based platform.
Global markets offer opportunities but central bankers hold the key: El-Erian
El-Erian, Doll, Krosby say investors will have to work harder for returns in a volatile market this year.
Stocks and the economy are hooked on the Fed's punch bowl
Policy critics charge the markets are 'artificial,' but some strategists say the central bank can manage continued stimulus pullback.
Advisers and analysts scramble to make sense of a wild market ride
As the dust began to settle Friday on a wild week for stocks, financial advisers and market analysts scrambled to make sense of it all.Despite a two-day run in which the Dow Jones Industrial Average gained nearly 700 points, the blue chip benchmark is essentially where it was the day after
Worker suit over Verizon retirement plan handoff now a class action
A federal judge last week granted class status to a suit filed by a pair of former Verizon Communications Inc. workers against their employer after the telecom giant transferred pension obligations to Prudential Financial Inc. Chief Judge Sidney A. Fitzwater of the U.S. District Court for the
Pru retail brokerage settles charges over mutual fund pricing
Unit to pay nearly $11M to close Finra action; B-D platform allegedly failed to place orders in a timely fashion
'Slap' to reps as Jackson National cuts VA features on short notice
Reps are none too thrilled with Jackson National's cuts to some VA features, particularly since the carrier offered only a few days' notice before the changes take effect. Said one harried adviser: "It's offensive."
Advisers irked as Pru locks vintage VAs
Prudential Financial Inc.'s decision to cut off contributions into a slate of older variable annuities with attractive benefits has raised the ire of financial advisers, this time because they were given so little time to add money to the contracts.
Pru pulls plug on another long-term-care product
Bows out of group LTC insurance; halted sales of individual coverage in March
A shift to retirement readiness occurring in 401(k) plans
So your clients think they are going to work longer and retire later? Maybe not.
GM follows in Ford's tracks, offers lump sum to retirees
Apparently, as Ford Motor goes, so goes GM.General Motors Co. on Friday announced plans to cut its pension obligation by $26 billion by offering lump-sum payments to about 42,000 white-collar retirees. The nation's largest automaker is also shifting the balance of its plan to Prudential Insurance
Prudential to bail on sales of individual long-term care
Prudential will stop selling long-term care policies citing 'challenging economics.'
Pru will pay $17M to settle with seven states over death benefits
Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.
Analysts wave off $1.57B death benefit suit against Met, Pru
Illinois lawsuit alleges MetLife and Prudential owe some $524M in unclaimed death benefits