Prudential launches SimplyIncome for workplace retirement plans on Fidelity Investments™ platform
PRUPrudential(PRU) Businesswire·2024-01-26 00:11

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) is collaborating with Fidelity Investments™ to address growing demand among consumers for a workplace retirement plan option that will convert participants’ retirement savings into a protected stream of income. Prudential recently launched Prudential SimplyIncomeSM — a new single-premium immediate annuity, or SPIA — within employer-based retirement plans administered by Fidelity Investments. Prudential is one of four insurers on Fidelity’ ...