Sign in Subscribe
Insurance industry

Addressing Retirement Income Challenges in the Modern Workplace

Strategic Insights

— 1 min read

As baby boomers face longer and more expensive retirements, plan consultants, advisors, and sponsors are seeking innovative solutions to address the growing retirement income challenges. Prudential Retirement, a business unit of Prudential Financial, Inc., recognizes the need for personalized responsibility in retirement planning and has launched a website to help individuals take charge of their financial challenges. The new website, www.incomechallenges.com, provides a wealth of research, thought leadership, and multimedia content to support plan participants in seeking guaranteed income solutions.

Key Takeaways:

  • The website addresses the need for innovative workplace retirement solutions in the face of market volatility, longer lifespans, and rising retirement costs.
  • Prudential Retirement's website, www.incomechallenges.com, provides a platform for plan consultants, advisors, and sponsors to explore Prudential's income solutions and thought leadership perspectives.
  • The company offers a range of retirement plan solutions, including record keeping, administrative services, investment management, employee investment education, and trustee management.
  • Prudential Retirement serves over 3.6 million participants and annuitants, with $220.7 billion in retirement account values as of June 30, 2011.
  • The company focuses on addressing the unique challenges faced by baby boomers, who must take personal responsibility for financing longer and more expensive retirements.
  • Prudential Retirement's senior vice president, Srinivas D. Reddy, emphasizes the need for individuals to shoulder more responsibility in retirement planning, citing the substantial retirement income challenges many Americans face today.

Statistics:

  • 3.6 million participants and annuitants served by Prudential Retirement
  • $220.7 billion in retirement account values as of June 30, 2011
  • 85 years of retirement experience for Prudential Retirement
  • Website www.incomechallenges.com provides guided resources and research for plan consultants, advisors, and sponsors
  • Press release issued by Prudential Financial, Inc. (NYSE: PRU)

Sources:

  • Prudential Financial, Inc. (NYSE: PRU)
  • Prudential Retirement (press release)
  • Copyright Contify.com

Read more