Pensions
Plan Sponsors Look to Drop Liabilities Like Bad Habits
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
Tag: MetLife
Coronavirus - COVID-19
COVID-19 Has Shaken Up Vast Majority of Plan Sponsors
But the pandemic has not slowed down pension buyout activity.
Asset Management Culture
Rising Funded Levels, PBGC Premiums Spur Pension Buyout Record
Increased volatility caused by coronavirus likely to keep risk transfer market booming.
Pensions
MetLife Secures $1.9 Billion Pension Deal with Lockheed Martin
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
Regulation
MetLife to Pay SEC $10 Million Fine Over Pension Accounting Violations
Firm assumed annuitants were dead or unreachable if they didn’t respond to two mailings.
Asset Allocation
Poland Approves Plans to Overhaul Pension System
The funds will be used to boost revenues.
Exclusive: MetLife’s Ellermeyer Shifts to Apollo Insurance Operation
Investment pro to help manage insurance assets at Leon Black’s shop, which got its start with a defunct insurer’s junk bonds.
More Corporate DB Plans Want to Dump Liabilities ASAP
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
Regulation
MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
Risk
FedEx Sending $6 Billion in Pension Liabilities to MetLife
Transaction is largest risk transfer in US since Verizon/Prudential deal.
Newsmakers
N.J. Seeks Retirees Owed Money by MetLife
More than 1,000 residents were not paid because the company said it couldn’t find them.
SEC Stunts MetLife Q4 Earnings Report Due to Missing Pension Fallout
Insurer links pension predicament to ‘material weakness in internal control and financial reporting.’
NY, Mass. Investigate MetLife over Unpaid Pensions
MetLife says it is fully committed to rectifying the situation.
Rutgers Conference: US Real Estate “Priced to Perfection”
Grocery-anchored and experiential-based retail, creative office space offer good opportunities.
Risk
Sears Transfers Pension Liabilities to MetLife in “De-risking” Move
Beginning August 1, 51,000 participants will receive benefit payments from MetLife.