Prudential Financial has reorganized its remaining retirement business units, creating Prudential Retirement Strategies, which will serve individual and institutional customers. The changes follow the July announcement that Prudential is selling many parts of its retirement business, including its defined-contribution, defined-benefit, ...

SeaWorld this week was sued by several participants in its $310 million 401(k) plan, allegedly for letting fees for investments and service providers run out of control. Part of the case involves adviser compensation. In the proposed class-action suit filed ...

Record-keeper consolidation is happening even faster than predicted, in part because of the recent Empower buying spree, which continued recently with its purchase of Prudential’s retirement business. But what does that mean for both specialist and generalist retirement plan advisers? ...

More than 30 leading voices in the U.S. retirement industry released a letter Wednesday urging President Joseph Biden to issue an executive order to create a standing interagency task force on retirement security. “The proverbial three-legged retirement stool is shakier ...

Empower Retirement’s massive deal announced today to buy Prudential’s retirement plan business marks the second major acquisition the company has made in less than a year. Last year, the Greenwood Village, Colorado-based plan provider picked up MassMutual’s defined-contribution business via ...