Compliance | April 4th, 2024 ACLI Concerned IB 95-1 Changes Will Cause ‘Chilling Effect’ on PRT Market The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about...
Benefits | April 1st, 2024 Unisys Completes Latest in Series of Pension Annuitizations The transaction, completed with F&G Annuities & Life, is Unisys' sixth since January 2021, totaling nearly $2 billion.
Benefits | March 28th, 2024 Pension Risk Transfer Premiums Hit $12.7B In Q4 2023 Following two record years for PRT transactions, LIMRA expects the trajectory to continue for the rest of 2024.
Data and Research | March 22nd, 2024 Aon Projects PRT Market Will Again Climb Above $40B 2024 has already seen significant activity, with Shell and Verizon both conducting large pension risk transfers in the last few...
Compliance | March 18th, 2024 Association of BellTel Retirees Points to Red Flags in Verizon PRT Deal Advocates for the protection of retirees’ pensions and benefits say the telecom firm has ‘shamefully discarded 97,000 loyal retirees’ in...
Compliance | March 14th, 2024 FirstEnergy Completes $700M Pension Risk Transfer Meanwhile, a new lawsuit was filed against Lockheed Martin over two PRT deals involving Athene Annuity and Life Company from...
Benefits | January 17th, 2024 Market Strong for Plan Sponsors to De-Risk DB Plans, According to Agilis The pension and investments manager expects de-risking strategies to remain attractive in 2024.
Data and Research | October 4th, 2023 Market Conditions Continue to Fuel Pension Risk Transfers The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...
Administration | August 18th, 2023 Pension Risk Transfer Deals Hit Record Level in First Half of 2023 Companies completed 289 transaction in the first half of 2023, per an Aon study.
Compliance | July 19th, 2023 DOL Considers Changing Standards for Annuity Provider Selection Interpretative Bulletin 95-1 could be in for an overhaul this year or next.
Benefits | June 1st, 2023 PPG Agrees to $309M Pension Risk Transfer Deal The transaction with Legal & General and RGA is intended to secure the retirement benefits of more than 4,000 PPG...
Data and Research | May 25th, 2023 Pension Risk Transfers Continue to Skyrocket in Q1 PRT sales have broken records yet again, as the market grew another $6.3 billion in the first quarter of this...
Investing | March 14th, 2023 2023 DB Summit: Factors in DB Plan Decisionmaking To keep the defined benefit plans active or not? That is the question for many plan sponsors.
Data and Research | December 19th, 2022 Pension Risk Transfer Market Keeps Setting Records Increases in both funded status and availability have spurred a huge year expected to reach more than $50 billion in...
Administration | December 1st, 2022 Legal & General Completes PRT Deal with Rolls-Royce North America Legal & General completed the pension risk transfer for $145 million.
Data and Research | October 14th, 2022 Inflation and Rates Likely to Spur Pension Risk Transfers Majority of plan sponsors say economic concerns are influencing their de-risking decisions.
Deals and People | September 14th, 2022 IBM Completes $16 Billion Pension Risk Transfer Responsibility for 100,000 beneficiaries moving to Prudential, MetLife
Data and Research | September 6th, 2022 US Pension Buyout Sales Jump 148% in Second Quarter Several tailwinds are driving record growth in the pension risk transfer market.
Compliance | May 5th, 2022 INFORM Act Seeks Expanded Lump-Sum Payment Disclosures Proponents say the bill will require pension plan sponsors to provide participants and beneficiaries with critical information about the tradeoffs...
Administration | April 8th, 2022 DB Plan Sponsors Might Want to Press Pause on Pursuing PRT Investment managers point to what might be better strategies for managing defined benefit plan investment risks and PBGC premium costs.