Prudential launches its ActiveIncome insurance overlay on Franklin Templeton's Canvas platform for wealth managers
MWN-AI** Summary
Prudential Financial, Inc. (NYSE: PRU) has launched its ActiveIncome insurance overlay solution on Franklin Templeton's Canvas platform, marking a significant advancement in retirement planning for retail managed accounts. This innovative offering, available via the FIDx Insurance Overlay marketplace, integrates protected lifetime income into registered investment advisors’ (RIAs) practices, allowing them to better assist Americans in securing their financial futures.
The ActiveIncome overlay, a pioneering contingent deferred annuity, provides investors with the potential for lifetime income while maintaining asset control without needing to transfer funds to an insurance carrier. This integration not only enhances the suite of tools available to advisors but also addresses the changing demands of clients seeking robust retirement strategies beyond traditional withdrawal methods.
Ann Nanda, Prudential's head of Retirement Future Growth and Firm Engagement, emphasized the opportunity to provide holistic wealth management and income planning, reinforcing the commitment to innovative solutions for advisors and their clients. Roger Paradiso from Franklin Templeton mirrored this sentiment, highlighting how the integration of insurance overlays allows for risk management and personalized outcomes, thereby fostering greater confidence for clients entering retirement.
The collaboration between Prudential and Franklin Templeton, supported by FIDx, showcases a unified drive towards enhancing retirement security through streamlined access to insurance solutions. Advisors on the Canvas platform can now incorporate lifetime income protection while maintaining their investment strategies, which is crucial for delivering tax-optimized and personalized portfolios.
As both companies continue to evolve their offerings, this partnership signifies a proactive approach to addressing the retirement planning needs of today’s investors, ultimately aiming to foster financial security and growth in an ever-changing market landscape.
MWN-AI** Analysis
Prudential Financial's recent launch of its ActiveIncome insurance overlay on Franklin Templeton's Canvas platform marks a significant development in the wealth management landscape. By integrating protected lifetime income into managed accounts, this initiative offers registered investment advisors (RIAs) a powerful tool to enhance retirement planning strategies, thereby addressing the growing critical need for secure retirement solutions among investors.
The ActiveIncome offering, structured as a contingent deferred annuity, allows investors to retain their investment flexibility while simultaneously securing a guaranteed income stream for life. This dual advantage is particularly appealing in an era where retirement savings alone may not suffice to cover living expenses. Advisors can better manage their clients’ risks and provide personalized outcomes, reinforcing the importance of holistic wealth management beyond mere asset accumulation.
With over $1.5 trillion in assets under management, Prudential’s reputation for stability and innovation enhances the attractiveness of this solution. The partnership with Franklin Templeton, bolstered by the FIDx Insurance Overlay marketplace, streamlines the access to insurance products, allowing advisors to implement tax-optimized and customized portfolios while still maintaining control over client assets.
Advisors should consider incorporating ActiveIncome into their offerings as a strategic response to the changing needs of their clients. As longevity increases and retirement funding challenges grow, solutions like Prudential’s ActiveIncome can bolster advisors’ competitive edge by allowing them to provide greater peace of mind to clients transitioning into retirement.
In summary, the integration of Prudential’s ActiveIncome on Canvas equips advisors with innovative tools to fortify retirement planning. As the demand for lifetime income solutions heightens, firms that embrace and promote these capabilities may strengthen their positions in the marketplace, fostering lasting relationships with clients concerned about retirement security.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Prudential Financial, Inc. (NYSE: PRU) today announced the launch of its ActiveIncome insurance overlay solution for retail managed accounts on Franklin Templeton’s Canvas platform. Available on Canvas through the FIDx Insurance Overlay marketplace, the innovative offering is designed to seamlessly integrate protected lifetime income into registered investment advisors’ practices, making it easier to help more Americans protect their life’s work.
Prudential’s pioneering insurance overlay has brought a new category of lifetime income to managed accounts, giving registered investment advisors (RIAs) a powerful tool for retirement planning. Through a contingent deferred annuity, investors can maintain investment flexibility, while securing lifetime income longevity protection without moving assets to an insurance carrier. Advisors gain streamlined access to insurance solutions that enhance planning strategies beyond traditional withdrawal strategies and address the evolving needs of retirement investors.
“We have a tremendous opportunity to move beyond just retirement savings to focus on holistic, personalized wealth management and income planning to meet the needs of today’s investors,” said Ann Nanda, head of Retirement Future Growth and Firm Engagement at Prudential Financial. “Prudential’s work with Franklin Templeton to launch ActiveIncome on Canvas is another example of our long-standing, shared commitment to delivering innovative strategies and secure retirement outcomes for advisors and clients.”
“Protected lifetime income is foundational to retirement security,” said Roger Paradiso, head of Custom Client Portfolios at Franklin Templeton. “By bringing insurance overlays into Canvas, we’re giving advisors another way to manage risk and deliver personalized outcomes — helping clients stay invested and move into retirement with confidence.”
Prudential and Franklin Templeton’s collaboration with FIDx underscores this commitment to innovation. FIDx’s Insurance Overlay marketplace connects carriers, wealth platforms, and advisors, enabling streamlined access to insurance solutions. Franklin Templeton’s Canvas platform is a leading wealth management solution to build, implement, and manage tax-optimized and personalized portfolios seamlessly. Through this integration, advisors on Canvas can now incorporate lifetime income protection and maintain asset control — while delivering world-class investment and tax strategies.
ABOUT FRANKLIN TEMPLETON
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnerships, forward-looking insights, and continuous innovations — providing the tools and resources to navigate change and capture opportunity.
With more than $1.7 trillion in assets under management as of Jan. 31, 2026, Franklin Templeton operates globally in more than 35 countries.
To learn more, visit franklintempleton.com and follow us on LinkedIn .
Franklin Resources, Inc. [NYSE: BEN]
ABOUT PRUDENTIAL
Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Dec. 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than 150 years.
Prudential’s Retirement Strategies business expands access to retirement security by providing more than $15 billion of protected income payments each year to over 3 million individual and institutional customers and pension obligation participants. The team provides industry-leading solutions for growth and protection through relationships with more than 100,000 retail financial professionals and 7,500 institutional clients across five lines of business: Individual Retirement Strategies, Institutional Stable Value, U.S. Pension Risk Transfer, International Reinsurance, and Structured Settlements. For more information, please visit news.prudential.com .
Click here to learn more about ActiveIncome. Read the prospectus here .
ActiveIncome is issued by Pruco Life Insurance Company, Newark, NJ (main office) and distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations.
Registered annuities are complex, long-term investments designed for retirement purposes and may not be suitable for all investors. Investors should consider the features of the contract before investing. Please read the prospectus carefully before investing. Prospective purchasers should also understand the underlying investments’ investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information can be obtained from your financial professional.
It is possible to lose money by investing in securities.
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MEDIA CONTACTS:
Kristen Doyle
kristen.doyle@prudential.com
201-835-4872
Rebecca Radosevich
rebecca.radosevich@franklintempleton.com
212-632-3207
FAQ**
How does the new ActiveIncome insurance overlay solution from Prudential Financial Inc. PRU enhance the retirement planning capabilities of registered investment advisors using Franklin Templeton's Canvas platform?
What potential impact could the integration of lifetime income protection through ActiveIncome have on Prudential Financial Inc. PRU's market position and growth in the retirement solutions sector?
Can you elaborate on how Prudential Financial Inc. PRU plans to leverage its collaboration with Franklin Templeton and FIDx to improve access to protected income strategies for investors?
What risks and benefits should investors consider when utilizing the ActiveIncome insurance overlay solution from Prudential Financial Inc. PRU as part of their long-term investment strategy?
**MWN-AI FAQ is based on asking OpenAI questions about Franklin Resources Inc. (NYSE: BEN).
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