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Prudential adds VP for institutional retirement plans
John Byrne was named vice president of institutional retirement plans at Prudential Retirement.
Prudential's Marcks applies lessons from dad
Prudential Retirement's Christine Marcks used lessons from her father's drugstore to help others navigate the confusion of retirement.
Pramerica adds U.K. client director
Simon Males was appointed as managing director of institutional client relations U.K. at Pramerica Fixed Income, the fixed-income money management unit of Prudential Financial.
Does Pru's hiring of Davis signal regulatory changes for stable value?
ERISA lawyers say recruitment of Michael Davis suggests Prudential could be prepping for new QDIA rules.
EBSA's second-in-command joins Prudential Retirement as stable value chief
Michael L. Davis, deputy assistant Labor secretary for the Employee Benefits Security Administration, left the agency to become senior vice president and head of stable value at Prudential Retirement.
Some offices still unusable after superstorm Sandy slams East
Two weeks after Hurricane Sandy ravaged swaths of New York, New Jersey and Connecticut, a number of money management firms still are waiting for their offices to be reopened.
Managers keeping close eye on new storm
Money managers from New Jersey to Maine are watching closely as the nasty Nor'easter swirls closer to the East Coast.
Ohio Public Employees DC hires Pru, RGA for wraps - Pensions & Investments
Ohio Public Employees Deferred Compensation Program, Columbus, hired Prudential Financial and Reinsurance Group of America as wrap providers for its stable value fund.
Verizon to close DB plan to new union employees along with buyout
Verizon Communications Inc., New York, will close its defined benefit plans for union employees to new hires and place them exclusively in the company's 401(k) plan, as part of tentative contracts with the Communication Workers of America and International Brotherhood of Electrical Workers unions.
Mixed opinions on GM's plan to transfer $29 billion to Prudential
General Motors Co. plans to transfer $29 billion in assets from its pension plan to Prudential Financial Inc.'s insurance unit to fund the automaker's annuitization proposal — the largest such transaction among corporate pension sponsors.
Prudential Fixed Income adds 2 economists
Gerwin Bell joined Prudential Fixed Income as a principal and lead economist for Asia, while Giancarlo Perasso has joined as a principal and lead economist for emerging Europe, the Middle East and Africa.
GM-Prudential annuity deal seen setting off race to gain piece of DB derisking action
A new day is seen dawning in pension derisking as a result of General Motors Co.'s purchase of a multibillion-dollar group annuity contract to cover future benefit obligations of retirees in its U.S. salaried defined benefit plan.
DC record keeping assets surpass $4 trillion mark
Defined contribution record-keeping assets reached $4 trillion in 2011, posting a 1.9% gain from the $3.93 trillion recorded during 2010, according to the latest Pensions & Investments survey.
Sally Beauty 401(k) plan signs on with J.P. Morgan
Sally Beauty Holdings Inc. hired J.P. Morgan Retirement Plan Services as record keeper of its $198 million 401(k) plan.
Prudential Retirement picks senior VP for investment products
Joan Bozek was named senior vice president of investment products at Prudential Retirement.