Pensions
Special Report: The Risk Factor in Pension Transfers
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.
Tag: Pension Risk Transfer
Regulation
Old British Steel Pension Secures $2.6 Billion Buy-in; Buyout Expected in 2021
UK pension lifeboat PPF said the plan is better funded than expected.
Research
Retiree Lift-Outs Boost Pension Risk Transfers to $4 Billion in Q3
Employers are pushing through transactions in the second half of the year after the pandemic forced delays.
Corporate Moves
New York Times Makes $235 Million Pension Risk Transfer to MassMutual
About 1,850 affected retirees will continue to receive payments from the life insurer.
Coronavirus - COVID-19
US Corporate Pension Funded Ratio, Risk Transfer Costs Decline in April
Falling discount rates strike again, negating the market rebound for corporate DB plans.
Asset Allocation
Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
Asset Management Culture
AM Best Creates Pandemic-Related Stress Test for Insurance Firms
Pension risk transfer market likely to slow because of downturn.
Research
Milliman Launches Index to Track Pension Risk Transfer Market
Buyout index estimates cost to transfer retiree pension risk to an insurer.
News
AK Steel Transfers $615 Million in Pension Obligations
Move brings firm’s total pension risk transfer to $1.1 billion since 2016.
Newsmakers
Lockheed Martin Makes Two Big Pension Risk Transfers in Q4
Latest 8-K reveals $2.6 billion in LDI transactions.
More Corporate DB Plans Want to Dump Liabilities ASAP
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
International Paper, Prudential Make $1.6 Billion Group Annuity Deal
Prudential will take over the benefit obligations of 23,000 retirees.
NCR Agrees to US Pension Risk Transfer
De-risking move will help secure $190 million of benefits for 6,000 participants.
A. H. Belo, NY Times Transfer Pension Liabilities
Newspaper publishers de-risk a combined $268.5 million.
The Ins and Outs of Pension Risk Transfers
Following the $1.3 billion group annuity purchase of 45,000 International Paper pensions, Prudential’s senior vice president and actuary shows CIO how it’s done.