Pensions
US PRT Premiums Increase 53% From Last Year in Q4 2023
Pension risk transfer premiums hit $12.7 billion last quarter.
Registered index-linked annuity sales hit a new quarterly record at $12.6 billion.
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
CBO forecasts 23% Social Security shortfall if no tax increases, benefit cuts or some combination are made before then.
Buyout sales increase by triple-digit percentage points for second consecutive quarter.
A huge transfer from Lockheed cemented its lead, says S&P, as pension shifting grows.