May 11, 2024
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PGIM launches three Retirement Spending Funds for personalized spending goals

  • April 3, 2024

Jeremy Stempien, Portfolio Manager and Strategist, PGIM DC Solutions (Photo: Business Wire) Suite of three Funds seeks to help U.S. workers manage their long-term investments with spending flexibility in mind NEWARK, N.J., April 03, 2024–(BUSINESS WIRE)–PGIM,1 the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has launched three retirement spending funds:

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Finance

Prudential Financial Completes Guaranteed Universal Life Block Reinsurance Transaction With Somerset Re

  • March 28, 2024

NEWARK, N.J., March 28, 2024–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Somerset Re. This transaction, originally announced on July 24, 2023, advances the company’s strategy to reduce market sensitivity and increase capital efficiency. The financial impacts

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