Tag: PRT

Expected to close before the end of the year, the pension risk transfer will move about 60,000 accounts, one-third of...

Despite a flurry of lawsuits challenging pension risk transfers, plan sponsors remain committed to shedding defined benefit liabilities — viewing...

The Massachusetts court accepted the recommendations of a magistrate opinion from last month, but the suits may be amended and...

General Electric Co. faced the complaint from former participants following a 2020 pension risk transfer conducted with Athene. 

Interest rates, pension plan funding and market conditions remain favorable for pension risk transfers, according to October Three.

A former employee alleges that the technology company and its fiduciary, State Street, jeopardized participants’ retirement savings. 

The U.S. Chamber of Commerce, the ERISA Industry Committee and others filed an amicus brief stating that ‘speculative’ allegations should...

According to LIMRA, 14 carriers reported more than $1 billion in pension risk transfer sales during 2024.

Meiji Yasuda Life will also acquire all of L&G’s U.S. insurance protection business in a total $2.3 billion transaction.

IBM’s $6 billion PRT with Prudential accounted for much of the market’s increase this quarter, according to Legal & General...

Verizon, Shell and 3M completed the year’s three largest pension risk transfers so far.

The $221 million transaction will secure pension benefits for retirees and beneficiaries at Sound Retirement Trust, a multiemployer plan for...

General Electric Co. has been sued by former participants represented by law firm Schlichter Bogard LLP after completing a pension...

The transaction, completed with F&G Annuities & Life, is Unisys' sixth since January 2021, totaling nearly $2 billion.

Advocates for the protection of retirees’ pensions and benefits say the telecom firm has ‘shamefully discarded 97,000 loyal retirees’ in...

The pension risk transfer deal only affects retirees and is not tied to a plan termination. 

Sales reached a record-setting $16.2 billion in the second quarter, a 31% increase from 2022, LIMRA found. 

PRT sales have broken records yet again, as the market grew another $6.3 billion in the first quarter of this...

Increases in both funded status and availability have spurred a huge year expected to reach more than $50 billion in...

Majority of plan sponsors say economic concerns are influencing their de-risking decisions.