Compliance | April 16th, 2020 Athene Fined for Unlicensed PRT Business The matter with the New York State Department of Financial Services has been resolved with the fine and a transfer...
Administration | March 5th, 2020 Reasons NOT to Offload DB Plans Before following the crowd, DB plan sponsors should look at the cost to maintain their plan relative to the company’s...
Administration | January 29th, 2020 Lockheed Martin Makes Pension Buyout Transaction This is the third pension risk transfer action the company has implemented.
Administration | November 18th, 2019 Pension Risk Transfer Appetite Is Unabated They are trying other strategies, but DB plan sponsors are concluding that they and their employees would be better served...
Opinions | November 12th, 2019 Who Will Take Fiduciary Responsibility for DB Plan Annuity Purchases? Michael Clark, with River and Mercantile, describes what DB plan sponsors should do to fulfill their fiduciary responsibilities when implementing...
Administration | October 25th, 2019 Owens Corning Transfers Some Pension Liabilities The company cited a decrease in risks and costs as benefits of purchasing the annuity.
Products | October 10th, 2019 Principal Offers Patent-Pending Complete Pension Solution It provides a technology-driven approach to pension risk management that can be tailored for individual plan needs alongside what the...
Administration | October 8th, 2019 Could GE Have Continued Its DB Benefits? GE is freezing pension plans and offering a lump-sum window to certain former employees, but John Lowell, with October Three,...
Investing | September 25th, 2019 Several Strategies Help DB Plan Sponsors Manage Financial Risks MassMutual discusses four main strategies for limiting or eliminating defined benefit plan risks over time: hibernating risks, establishing glide paths,...
Data and Research | September 9th, 2019 LIMRA Finds Growing Interest in PRTs and MEPs Even though pension risk transfer is better understood by plan sponsors, LIMRA hopes pending legislation that would open multiple employer...
Administration | July 24th, 2019 Sonoco Terminates DB Plan in Preparation for Risk Transfer Announcements by the company provide an example of common steps and the timeline for a pension risk transfer.
Products | June 27th, 2019 OneAmerica Expands Online Services for PRT Accounts Beginning in the third quarter, pension annuity customers whose accounts came to OneAmerica through a pension risk transfer (PRT) will...
Administration | May 22nd, 2019 PRT Transactions Surged in First Quarter of 2019 Data from LIMRA Secure Retirement Institute shows a 240% increase in pension risk transfer activity in the first quarter of...
Administration | May 22nd, 2019 Considering Balance Sheet Issues for Pension Risk Transfers A pension risk transfer (PRT) to terminate a defined benefit (DB) plan reflects heavily on a plan sponsor’s balance sheet,...
Administration | April 24th, 2019 Avery Dennison Settles DB Plan Liabilities With Annuity Purchase The firm has transferred $750 million in pension obligations to American General Life Insurance Company, part of AIG’s life and...
Administration | April 18th, 2019 Risk Transfer Floodgates Hold, For Now Even with the documented acceleration of de-risking activity, Tom McCartan at PGIM Fixed Income notes that less than 1% of...
Products | April 11th, 2019 MassMutual Enhances Website for Participants Affected by Pension Risk Transfer Both active annuitants and deferred annuitants can go to MassMutual’s website to access information about their annuity, as well as...
Data and Research | March 22nd, 2019 Fourth Quarter Volatility Wipes Out DB Plans’ Funding Status Gains Pension plans’ funding rose a mere 70 basis points last year, according to Goldman Sachs Asset Management.
Data and Research | March 20th, 2019 Pension Risk Transfers Help Largest DB Plans Reduce PBGC Premiums J.P. Morgan’s “Corporate Pension Peer Analysis 2018,” says 2018 was the largest asset allocation de-risking year for defined benefit (DB)...
Investing | March 19th, 2019 Number of Pension Buy-Out Deals Growing Each Year “A big driver of the 2018 buy-out sales was a combination of mid- to large-PRT deals,” says Eugene Noble, research...