After striking a deal to sell a large part of its retirement business to Empower, the company is creating one unit, Prudential Retirement Strategies, to serve institutional and individual customers.
Families continue to provide the bulk of unpaid care, according to a new report that estimates more than one-third of individuals don't have the resources for even a year of minimal care.
Just 10 years ago, there was little crossover between securities and insurance, as insurance agents, health insurance agents and Wall Street advisers traditionally stayed in separate lanes. But that has started to change.
About 70% of people surveyed said they would choose a job with that feature over a similar one without it, according to a survey by TIAA.
Sales hit $68.2 billion, up by 40% from the second quarter of 2020, according to the Secure Retirement Institute.
As changes bring about increased risks, RIAs need to recognize that insurance is a vital component of their risk management strategy.
The company's shares are expected to begin regular trading on the New York Stock Exchange on Sept. 20.
Private equity firms' insurance companies accounted for more than 40% of all indexed annuity sales industrywide during the second quarter.
John Vande Bossche leads the six-person team in Anaheim, California, that includes his wife, son and daughter.
SmartRetirement Plus will pair J.P. Morgan's target-date funds with AIG's IncomEdge Control annuity to meet the needs of plan participants who would like to receive regular monthly income in retirement.
Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
Luma Financial Technologies' new tool, Luma Compare, lets advisers compare a variety of products.
Cooper, the company's chief investment officer, succeeds Dennis Glass, who has been chief executive since 2007.
Despite the difficulty of the conversation, clients are most often receptive to planning for health problems later in life, including diminished mental capacity.
Telehealth was the benefit that the most firms plan to increase, while 60% of those surveyed currently offer financial wellness.
The nation's biggest life insurer will now pay a minimum wage of $20 an hour, up from $15, as it joins other firms boosting pay amid labor shortages.
The company's investments will focus on women- and minority-owned PE firms.
The insurance industry recognizes that the word 'annuity' is not always received well. But that's only part of what hampers the products, according to two recent reports.
Bryan Pinsky will lead individual retirement at AIG Life & Retirement, while Tim Heslin will head the U.S. life insurance business.
The San Francisco-based insurance company acquires Cleveland-based MAI Capital.
