The life insurance company apparently no longer considers the DC plans integral to its business.
New York regulator said the firm illegally entered into 14 risk transfer deals.
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
Asset value of sector is more than twice the country’s GDP.
After a whirlwind day of news, Aon confirms it will not pursue the buyout after all.
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.