Recent events
Recent events tied to this brand in public sources.
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2021
Prudential agrees to sell its full-service retirement business to Empower
Prudential Financial agreed to sell its full-service retirement business to Great-West Lifeco's U.S. unit, Empower Retirement, in a deal valued at C$4.45 billion ($3.51 billion). The deal was expected to close in the first quarter of 2022.
2021
Prudential appoints two non-executive directors
Prudential announced the appointment of former Singtel chief executive Chua Sock Koong and KKR Asia-Pacific head Ming Lu as non-executive directors; they were due to join its board on May 1.
2020
Prudential appoints Robin Spencer as Thailand CEO
Prudential named Robin Spencer chief executive of its Thailand unit, replacing Aman Chowla.
2020
Prudential investment unit agrees to FINRA settlement
Prudential Investment Management Services agreed to pay FINRA a $1 million fine over inaccurate or incomplete information provided to retirement-plan clients. The firm accepted the fine and censure without confirming or denying the regulator’s allegations.
2019
Eastspring completes acquisition of 50.1% of TFUND
Prudential announced that its Asia asset management business, Eastspring Investments, completed the acquisition of a 50.1% stake in Thanachart Fund Management Co., Ltd. from Thanachart Bank Public Company Limited and Government Savings Bank. The source does not specify the completion date.
2019
SIMON Markets and Prudential partner to offer an annuity product
SIMON Markets partnered with Prudential to offer Prudential’s PruSecure fixed indexed annuity through the SIMON platform.
2019
FCA fines Prudential over annuity sales
The Financial Conduct Authority announced a £23,875,000 fine against Prudential for breaches relating to non-advised annuity sales, including failures to ensure customers were consistently informed they might get a better deal by shopping around. Prudential had offered approximately £110 million in redress to 17,240 customers.