Prudential to Sell South Korean Insurance Business
The insurance giant is shedding part of its overseas assets ahead of U.S. life insurance accounting changes.
Lockheed Sells Pension Risk
The company said it reached deals with Prudential and Athene to reduce its obligations for tens of thousands of employees.
Prudential Appoints New CFO; Falzon Moves to Vice Chair Slot
Ken Tanji takes over as executive vice president and CFO of Prudential Financial, replacing Robert Falzon.
Tax Law Drives Pension De-Risking Opportunity
The lower corporate tax rate is leading CFOs to finally address the problems of underfunding, rising costs, and mounting liabilities.
J.C. Penney Cuts Pension Plan Liability by Up to 35%
The retailer has completed a lump-sum offer to retirees and will annuitize other obligations through a deal with Prudential.