Manager Selection
Dutch Pension PZFW Terminates BlackRock, AQR, L&G Mandates Amidst Portfolio Reshuffle
The trio were dropped as equity managers as the fund looks to active investing.
Tag: Legal & General Investment Management (LGIM)
Corporate Moves
Legal & General to Form Credit Partnership With Blackstone
The insurer’s annuity and asset management businesses will tap the alternatives giant for private credit offerings.
Corporate Moves
Legal & General to Sell 20% Stake in PRT Business to Meiji Yasuda
In addition to the pension risk transfer stake, the Japanese insurer will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.
Pensions
Sanofi, Legal & General Complete $1.74B Annuity Buy-In
The plan’s second transaction with L&G kicks off 2025, which could be another record year for pension risk transfer volume.
Pensions
US PRT Market Sees $14B in Volume in Q3
Nearly half of this quarter’s pension risk transfer volume came from IBM’s $6 billion PRT with Prudential, per Legal & General Retirement America.
Pensions
Deutsche Bank UK Pension Completes $1.4B Buy-In
The pension risk transfer transaction will be the bank’s third with Legal & General.
Newsmakers
Anisha Gangwani Appointed CIO of Legal & General Retirement America
Gangwani will lead the investments of the pension risk transfer provider.
Risk
Pension Risk Transfer Contracts Hit Record Numbers in 3Q
Dollar volume lagged, but that may be a sign of smaller plans’ increased use of PRTs.
Pensions
US Corporate Pension Funding Rises Slightly in September
Funding status rebounded from a loss in August.
Pensions
UK Pension Risk Transfer Market Drops to £26 Billion in 2022
Despite decline, the British market topped £25 billion for the fourth straight year.
Pensions
Tata Steel Expects to Complete British Steel Pension Buy-In by Mid-2023
Trustee secures third buy-in policy for $2.5 billion worth of liabilities.
Pensions
U.S. Pension Funding Ratios Continue to Increase
Better equity performance and higher interest rates in October contribute to pensions nearing full funding.
Newsmakers
Despite April’s Poor Equity Returns, Rising Discount Rates Improved Funded Status for Most Pensions
Last month had one of the highest single-month discount rate increases for many data collectors.
Newsmakers
Pension Risk Transfer Market Has Largest First Quarter in History
Experts predict that this trend will only accelerate throughout the year.
Asset Allocation
British Pension to Shift $6.7 Billion Away from Polluters
USS is the largest private pension fund in the UK.