Pensions
Corporate Pension Funding Ratios Hit Highest Level Since 2007
Asset surpluses of the largest corporate defined benefit plans continued to surge in September.
Tag: Legal & General Retirement America (LGIMA)
Pensions
PRT Market Outlook Remains Strong, Despite Mega-Deal Slowdown
The U.S. and U.K. will continue to be the center of the $1 trillion pension risk transfer boom, according to Legal & General.
Pensions
Corporate Pensions Continue Funding Surplus Rise in January
Strong markets, steady discount rates push funded status higher and higher.
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
Corporate Pension Funded Status Mixed in August
Some trackers saw their first decline in funded status in months, during a 'tumultuous' month for equities.
Pensions
IBM Secures $6B Pension Risk Transfer With Prudential
The latest deal follows the company closing its defined contribution plan in 2023 in favor of a cash-balance pension plan and an earlier $16 billion PRT.
Pensions
Pension Risk Transfer Market Reaches $26 Billion in Transaction Volume in H1 of 2024
In the U.K. and U.S., large plans are increasingly seeking PRTs.
Pensions
Corporate Pension Funded Status Stays Flat in July
Strong equities were equivalent to or offset by a decline in pension discount rates.
Pensions
Pension Risk Transfer Premiums Reach $14.6 Billion in Q1
146 contracts were sold in the quarter, a 26% increase from Q1 2023 and an all-time record.
Newsmakers
Anisha Gangwani Appointed CIO of Legal & General Retirement America
Gangwani will lead the investments of the pension risk transfer provider.
Pensions
Record $15B in Pensions Transferred to Insurers in Q1
Jumbo deals by Verizon and Shell led a busy quarter that points to a busy year for PRT.
Pensions
US Corporate Pension Funding Mixed on Stock Declines
Record pension funding levels cooled slightly in April from a drop in asset values, but were partly saved by another uptick in discount rates.
Pensions
US Corporate Pensions Continue Funding Surplus in March
Funded status for U.S. defined benefit plans continues to push to all-time highs, according to several data trackers.
Pensions
FirstEnergy Transfers 2,200 Retiree Pensions to Insurers
Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.
Pensions
Corporate Pension Funding Levels Skyrocket in February
A majority of the largest U.S. corporate pensions are at their highest levels in decades, according to a number of pension trackers.