AT&T Sued Over 2023 Pension Risk Transfer with Athene Annuity and Life
Retirees alleged that AT&T shifted its pension responsibilities for 96,000 participants to a ‘risky’ insurance company, according to the lawsuit.
Tag: pension risk tranfer
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Insurers to Assume Pension Obligations for 56,000 Verizon Retirees
The telecom giant announced the transfer of $5.9 billion in pensions to Prudential and RGA; payments from the insurers to...
How Higher Interest Rates Are Changing Focus of Fully Funded Pension Funds
Many corporate pension fund leaders are re-evaluating their liability-driven managers and allocations.
EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits
The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement...
Pension Risk Transfers Continue to Surge in Q2
Sales reached a record-setting $16.2 billion in the second quarter, a 31% increase from 2022, LIMRA found.
Annuity Provider Representatives Push Back Against PRT Criticisms
Leaders in the PRT world argue that many criticisms of insurers are misguided and that the DOL’s IB 95-1 has...
Pension Risk Transfers Spiked in 2022 due to Higher Interest Rates, Report Shows
The U.S. pension risk transfer market grew to $51.8 billion last year, totaling 568 transactions, according to Aon’s recent report.
Interest Rates Affect Timing for PRT Annuity Purchases
Mark Unhoch, with October Three, explains why annuity costs for pension risk transfers (PRTs) are greater when interest rates are...