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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