Pensions
PRT Claims Against AT&T Dismissed, but Those Against State Street May Proceed
A federal judge in Massachusetts ruled that AT&T is off the hook after outsourcing selection of its pension risk transfer provider.
Tag: Pension Risk Transfer
Regulation
Court Recommends Dismissing Suit Challenging AT&T Pension Risk Transfer
A Massachusetts federal magistrate says that the suit lacks evidence against AT&T as being responsible for selecting the annuity pension provider.
Regulation
PBGC Reaffirms Limits of Pension Insurance in First Opinion Letter in 24 Years
The agency also clarified that certain annuity buyouts do not trigger a reportable event.
Pensions
Corporate Pension Plans Inch Further Into Surplus Territory
In response, plan sponsors are strategizing about more than pension risk transfers.
Regulation
Weyerhaeuser PRT Complaint Tossed, Plaintiffs Granted Standing
The case can be amended and refiled in the same district court.
Pensions
More Than Litigation Could Curtail Future PRT Transaction Volume
Underlying drivers of demand for pension risk transfers appear to be deteriorating, according to Capital Group’s Colyar Pridgen.
Pensions
Swiss Re Makes Inaugural US Retiree Longevity Transaction
The $2 billion transaction was conducted with Athene as counterparty.
Pensions
DB Plans Choosing to De-Risk Instead of Terminate
The pace of insured U.S. pension annuitizations slowed in 2025 after exceeding $50 billion in 2024, Aon reported.
Pensions
Economic Uncertainty, Market Volatility Led to Steep Decline in Canadian PRT Transactions
Pension risk transfer volume in the country declined 40% in 2025, according to a report from Normandin Beaudry.
Pensions
WTW Sees Nearly $100B UK Pension Risk Transfer Market in 2026
Favorable pricing and strong competition could drive industry growth this year.
Corporate Moves
Meiji Yasuda Expands US PRT Business With Banner Life Acquisition
The previous insurance arm of Legal & General Group PLC was purchased by the Japanese insurer for $2.3 billion.
Pensions
Single-Premium Buy-In Sales More Than Triple in Q3
The $4.3 billion in sales represents the highest quarterly sales for buy-in products on record, according to LIMRA.
Pensions
RTX to Transfer $2.5B in Pension Obligations to Prudential
The pension risk transfer will result in a $300 million settlement charge in the fourth quarter.
Pensions
L&G Completes $6.14B Pension Risk Transfer With Ford UK Pensions
The buy-in transaction for 35,000 retirees is the largest in the country this year.
PRT Lawsuit Against AT&T Dismissed
The court’s determination that the plaintiffs have standing to sue allows for the complaint to be refiled and could embolden others considering litigation.