Tag: PRT

Following its February acquisition by Meiji Yasuda, the group adopted a new slogan, ‘Here for the Better,’ and visual branding...

Capital Group’s Colyar Pridgen says litigation concerns are not the only reasons the pension risk transfer market could see slower...

Plan sponsors can de-risk by shrinking liabilities and outsourcing investment management, Aon reported.

The group countered the Department of Labor’s recent support for employers in litigation about the transactions.

The federal court in the Southern District of New York found no standing or fiduciary breach in a challenge to...

According to the Department of Labor, the plaintiffs lack standing, and it warns litigation could have negative effects on defined...

Single-premium sales more than tripled in the third quarter of the year.

The federal government, via the solicitor general and the DOL, is increasingly favoring employers in ongoing ERISA litigation, including on...

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...