Prudential Financial and Scottish Widows reach first longevity reinsurance agreement
By a
"Prudential is privileged to be chosen by Scottish Widows as it seeks to efficiently manage its longevity risk over the coming decades," said
Prudential is a global leader in the pension reinsurance market, with more than
In November of 2017 Scottish Widows won "Company of the Year" at the Financial Adviser Service Awards, along with "5 Star" service awards in each of the individual categories of Life & Pensions, Investments and Mortgages.
Scottish Widows also won a number of other awards throughout 2017, including "Pensions Firm of the Year" at the FD Service Excellence Awards, "Pensions Provider of the Year" at the Pensions Age Awards, "De-Risking Provider of the Year" at the Pension and Investment Provider Awards, and "Risk Reduction Provider of the Year" at the
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and non-qualified deferred compensation recordkeeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services. With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.2 million participants and annuitants. Prudential Retirement has
Reinsurance contracts are issued by either
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