Pensions
FirstEnergy Transfers 2,200 Retiree Pensions to Insurers
Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.
Tag: annuity contracts
Pensions
Verizon Announces $5.9B Pension Transfer
Insurers Prudential and RGA Reinsurance will assume obligations for 56,000 pensioners who are already receiving benefits.
Asset Allocation
BlackRock Launches Service to Include Annuities in 401(k) Plans
The asset management giant has signed up five sponsors in a new program aiming to provide a lifetime of retirement income.