Is Prudential being taken over?

The acquisition will enable Empower to leverage Prudential's expertise, resources, and client base to offer innovative and customized retirement solutions. This, in turn, will help more individuals and families achieve financial security and peace of mind during their golden years.

Empower, a leading provider of financial solutions, announced a significant milestone in its growth journey on April 1, 2022. The company successfully acquired the retirement business segment of Prudential, a renowned name in the financial services industry.

In addition to expanding its reach and capabilities, the acquisition also aligns with Empower's mission of empowering people to make informed financial decisions and achieve their financial goals. By acquiring Prudential's retirement business, Empower further solidifies its position as a trusted partner in the financial services industry.

This strategic acquisition underscores Empower's commitment to expanding its offerings and strengthening its position in the retirement planning space. With the addition of Prudential's retirement business, Empower now boasts an even more comprehensive suite of services tailored to meet the evolving needs of its clients.

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