Prudential plc

Jackson Integrates LifeYield’s Smart Householding Tech to Spotlight Tax-Efficient Annuities  

Tuesday, March 31, 2020 - 3:00pm

LifeYields simple-to-use tools will provide those who do business with Jackson access to sophisticated technology that is designed to potentially improve investor outcomes through tax-efficient multi-account and product management.

Key Points: 
  • LifeYields simple-to-use tools will provide those who do business with Jackson access to sophisticated technology that is designed to potentially improve investor outcomes through tax-efficient multi-account and product management.
  • We worked closely with the Jackson team to create an industry-leading capability that incorporates annuities into LifeYields tax-efficient household management tools.
  • Jackson and LifeYield are committed to helping financial professionals build and grow their businesses through education, resources and value-add programs.
  • Jackson is the marketing name for Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York).

M&G Credit Income Investment Trust plc: Postponement of AGM and COVID-19 update

Thursday, March 26, 2020 - 8:01am

M&G Credit Income Investment Trust plc: Postponement of AGM and COVID-19 update

Key Points: 
  • M&G Credit Income Investment Trust plc: Postponement of AGM and COVID-19 update
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Any shareholder enquiries or questions related to the AGM can be emailed to mandgcredit@linkgroup.co.uk.
  • The Board is monitoring events as the COVID-19 situation evolves, including the ongoing operational resilience of the Investment Manager (M&G Alternatives Investment Management Limited) and other key service providers.
  • The investment manager is actively managing the Company's portfolio and has the full confidence of the Board at this highly volatile time.

Jackson Reports 2019 Financial Results¹, Announces Preparations for a Minority IPO

Wednesday, March 11, 2020 - 2:00pm

Jackson also reported $22.2 billion in total sales and deposits, noting significant growth in fixed and fixed index annuity sales.

Key Points: 
  • Jackson also reported $22.2 billion in total sales and deposits, noting significant growth in fixed and fixed index annuity sales.
  • Additionally, Prudential plc (Prudential), Jacksons parent company, today announced that it is preparing for a minority Initial Public Offering (IPO) of Jackson.
  • Jackson became an early adopter of the National Association of Insurance Commissioners (NAIC) Variable Annuity Capital and Reserve Framework at the end of 2019.
  • 1Financial results from Jackson National Life Insurance Company and its subsidiaries have been included in Jacksons financial results.

Bluewater Names Director of Business Development, Grows Sales Team

Tuesday, March 10, 2020 - 3:00pm

CLEARWATER, Fla., March 10, 2020 /PRNewswire-PRWeb/ --Bluewater, the converged creative advertising agency is pleased to announce the hiring of Dave Shimkus to the newly established position of Director of Business Development.

Key Points: 
  • CLEARWATER, Fla., March 10, 2020 /PRNewswire-PRWeb/ --Bluewater, the converged creative advertising agency is pleased to announce the hiring of Dave Shimkus to the newly established position of Director of Business Development.
  • He understands the direct to consumer business and the important balance of brand-building and driving sales," said Adam Warfield, Vice President of Sales & Strategic Partnerships.
  • As Bluewater growth rapidly continues, the newest addition to the sales team will greatly complement the company's present sales goals.
  • This added knowledge of the industry combined with his past experience created a well-rounded fit for the Bluewater sales team.

Prudential Financial announces inaugural green bond issuance

Friday, March 6, 2020 - 1:30pm

Prudential Financial, Inc. ( NYSE: PRU ) announced the offering of the firms first green bond, furthering the companys commitment to sustainable investments which deliver a positive environmental impact.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced the offering of the firms first green bond, furthering the companys commitment to sustainable investments which deliver a positive environmental impact.
  • The company intends to issue a green bond with a principal amount of $500 million, representing the first green bond issuance of its kind by a major U.S. life insurer.
  • The green bond was offered alongside an additional $1 billion of Prudential debt on March 5.
  • Prudential has established a Green Bond Council, comprised of members of its Treasury, Chief Investment Office, and Corporate Governance/Sustainability teams.

Third Point Sends Letter to Prudential plc Highlighting Opportunity to Separate US and Asian Businesses

Monday, February 24, 2020 - 5:33pm

This dividend policy is particularly illogical considering managements assertions about the attractive rates of return in both PruAsia and Jackson.

Key Points: 
  • This dividend policy is particularly illogical considering managements assertions about the attractive rates of return in both PruAsia and Jackson.
  • Over the past several months, we have conducted a thorough analysis of Prudential plcs businesses and opportunities to create value.
  • Over the past five years, shareholders have experienced very little return from their investment in Prudential plc.
  • Prudential plc must refocus on localizing its strategy, capital, and leadership, which starts with the separation of PruAsia and Jackson.

Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019

Tuesday, February 18, 2020 - 2:00pm

2019 was an extraordinary year in the global risk transfer markets, having started the year at the best funded status that U.S., U.K. and Canadian pension funds had seen since the financial crisis, said Amy Kessler, head of longevity risk transfer for PICA.

Key Points: 
  • 2019 was an extraordinary year in the global risk transfer markets, having started the year at the best funded status that U.S., U.K. and Canadian pension funds had seen since the financial crisis, said Amy Kessler, head of longevity risk transfer for PICA.
  • They were pursued in a thoughtful and efficient manner, driven by long-term de-risking goals set by the pension schemes, culminating in the ability to transfer risk in an incredibly busy marketplace.
  • In 2020, smaller transactions will be a growth area to watch, as will the burgeoning risk transfer markets in Canada and the Netherlands, Kessler concluded.
  • Rothesay Life is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Bank of England and Financial Conduct Authority questioned on financial services after Brexit

Thursday, February 6, 2020 - 1:01pm

On Wednesday 12 February, the House of Lords EU Financial Affairs Sub-Committee hears evidence from the UK financial regulators, the Bank of England and the Financial Conduct Authority (FCA), on financial services after Brexit.

Key Points: 
  • On Wednesday 12 February, the House of Lords EU Financial Affairs Sub-Committee hears evidence from the UK financial regulators, the Bank of England and the Financial Conduct Authority (FCA), on financial services after Brexit.
  • Wednesday 12 February 2020 in Committee Room 4A, Palace of Westminster
    Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officerof the Prudential Regulation Authority, Bank of England
    Vicky Saporta, Executive Director of Prudential Policy, Bank of England
    How prepared is the UKs financial services industry for the end of the transition period?
  • How do you envisage the future UK-EU relationship in financial services?
  • Should the UK take a different approach to financial regulation after Brexit?

Bank of England and Financial Conduct Authority questioned on financial services after Brexit

Thursday, February 6, 2020 - 1:01pm

On Wednesday 12 February, the House of Lords EU Financial Affairs Sub-Committee hears evidence from the UK financial regulators, the Bank of England and the Financial Conduct Authority (FCA), on financial services after Brexit.

Key Points: 
  • On Wednesday 12 February, the House of Lords EU Financial Affairs Sub-Committee hears evidence from the UK financial regulators, the Bank of England and the Financial Conduct Authority (FCA), on financial services after Brexit.
  • Wednesday 12 February 2020 in Committee Room 4A, Palace of Westminster
    Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officerof the Prudential Regulation Authority, Bank of England
    Vicky Saporta, Executive Director of Prudential Policy, Bank of England
    How prepared is the UKs financial services industry for the end of the transition period?
  • How do you envisage the future UK-EU relationship in financial services?
  • Should the UK take a different approach to financial regulation after Brexit?