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Acquisition expands Empower's reach across retirement services market to more than 17 million individuals and $1.4 trillion in AUA. GREENWOOD VILLAGE, Colo. April 4, 2022?Empower today announced it has completed the previously announced acquisition of Prudential Financial, Inc.'s full-service retirement business.
Based on former employees' testimony, investors alleged that Prudential already knew in February that there had recently been an unexpected number of deaths among holders of 700,000 policies the company purchased from another insurer.
Prudential Financial completes sale to Empower of full-service retirement business. NEWARK, N.J., April 04, 2022 - Prudential Financial, Inc. (NYSE: PRU) announced today the completion of the sale of its full-service retirement business to Empower, the second-largest retirement provider in the U.S.
On April 1, 2022, Empower Annuity Insurance Company of America (EAIC), an affiliate of Empower Retirement, LLC (Empower) acquired the retirement services business of Prudential Financial, Inc. (Prudential).
Prudential is part of M&G plc. See our companies and their registration numbers. Registered in Ireland.
On October 3, 2022, Prudential Retirement Insurance and Annuity Company was renamed Empower Annuity Insurance Company. For additional information regarding the name changes, please see empower.com/name-change. Empower is in the process of integrating the acquired full-service retirement business.
Our group. Prudential is part of M&G plc. See our companies and their registration numbers.
Effective April 1, 2022, Empower officially acquired the full-service retirement business of Prudential.