[at noodls] - Creating a culture that values saving for retirement With this week being National Save for Retirement Week, retirement experts are reminding Americans that they can-and must-do more to save for a successful ...
Prudential Investments launches Prudential Income Builder Fund
Posted on Oct 20, 2014 (4 days ago)
[Business Wire] - Prudential Investments® has launched the Prudential Income Builder Fund , a fund that offers investors the potential for income and long-term capital growth by investing primarily in income-focused equity, fixed income and non-traditional investments.
China’s Gingko Tree Said in Talks to Buy Siemens Offices
Posted on Oct 14, 2014 (10 days ago)
[at Bloomberg] - Gingko Tree Investment Ltd., a unit of the agency that manages China’s foreign currency reserves, is in talks to buy a Munich office park that’s valued at as much as 500 million euros ($630 million), according to two people with knowledge of the plan. Gingko Tree is negotiating with property owners HIH Hamburgische Immobilien Handlung GmbH, based in the German city of Hamburg, and New York-based RFR Group, said the people, who asked not to be named because talks are ongoing. The property is rented to Siemens AG. Spokespeople for HIH, RFR and Siemens declined to comment.
Prudential Mortgage Capital Company provides $115.8 million construction loan for new affordable housing in Washington, D.C.
Posted on Oct 13, 2014 (10 days ago)
[Business Wire] - Prudential Mortgage Capital Company secured $115.8 million in permanent financing through Freddie Mac for Art Place at Fort Totten, a 520-unit mixed-income and mixed-use development in Northeast Washington, D.C., the company announced today.
Thousands of Prudential Financial employees to participate in 20th annual Global Volunteer Day
Posted on Oct 10, 2014 (13 days ago)
[Business Wire] - On Saturday, October 11, 2014, thousands of Prudential Financial employees, along with their families, friends and clients, will participate in the company’s 20th annual Global Volunteer Day.
Workforce Opportunity Services and Prudential partner to give Veterans workplace skills
Posted on Oct 9, 2014 (15 days ago)
[Business Wire] - A cohort of 12 military veterans who will pursue careers in information technology graduated recently from VETalent, a training program for veterans sponsored jointly by Prudential Financial, Inc.
Prudential Retirement adds new plan sponsor client Eat’n Park
Posted on Oct 9, 2014 (15 days ago)
[Business Wire] - Prudential Retirement announced today that it has added new plan sponsor client Eat’n Park Hospitality Group, Inc., a personalized dining and foodservice company. Prudential Retirement is a business unit of Prudential Financial, Inc.
A 401(k) Conundrum: Can You Make Cash Pile Last for Life?
Posted on Oct 8, 2014 (15 days ago)
[Bloomberg] - Strategies for drawing down lump-sum accounts in retirement -- more important than ever in the 401(k) era -- have received little attention from policy makers. For retirees, choices about how to spend a life's worth of savings are fraught with tricky calculations about financial risk, taxes and death. Jim and Sue Cleary, both 69, are living through that now. The Clearys cut out cruises to Alaska and Australia and they're spending down their retirement savings, aware that they may eventually have to sell one of their homes.
U.S. FSOC may tweak process for spotting super-risky firms
Posted on Oct 6, 2014 (17 days ago)
[Reuters] - The Financial Stability Oversight Council, a group of the nation's main financial regulators, has named three such companies as being so important that their demise could pose risks to the global system, subjecting them to tougher oversight. "The council has received a number of suggestions regarding its process for evaluating non-bank financial companies for potential designation," Treasury Secretary Jack Lew said at a meeting of the FSOC, which he chairs. Insurer MetLife Inc on Friday said it would fight a plan by the FSOC to designate it as a so-called Systemically Important Financial Institution (SIFI), which would make it the fourth non-bank firm overseen by the Federal Reserve. The 2010 Dodd-Frank Wall Street reform act defined banks with more than $50 billion in assets as "systemic" but left it to FSOC to determine whether some non-banks also deserved the tag.