Regulation
Prudential Closes $1 Billion PRT Deal With PSEG
The utility company is looking for greater financial predictability and approved the partial annuitization of their pension plan.
Tag: PRT
Pensions
Pension Risk Transfers Hit Highest Level Ever
Companies that sold their plan liabilities to insurers set records for dollar volume and deal numbers in the first half of 2023, per an Aon study.
Corporate Moves
Fidelity Forms Bermuda Reinsurance Firm Focused on PRT
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
Risk
Union Warns Pension Funds to Be Wary of Private Equity-Backed PRT Insurers
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.
Risk
Yorkshire and Clydesdale Bank Pension Signs $2 Billion PRT Deal
The pension fund’s longevity swap agreement covers £1.6 billion in liabilities.
Pensions
UK Pension Risk Transfer Market Drops to £26 Billion in 2022
Despite decline, the British market topped £25 billion for the fourth straight year.
Newsmakers
US Single-Premium Buyout Sales Set Record in 2022
2022 was a banner year for risk transfers, setting records in total dollar volume, contracts signed and single-premium buyout deals as rates rose and funding statuses improved.
Pension Risk Transfers: What to Watch Out For
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
Research
Economic Concerns Likely to Spur Pension Risk Transfers
The vast majority of plan sponsors say inflation and rising rates are influencing their de-risking decisions.
Newsmakers
Pension Risk Transfer Market Has Largest First Quarter in History
Experts predict that this trend will only accelerate throughout the year.
The Plus Side of Rising Interest Rates: Lower Pension Liabilities
Higher rates are no friend to bond portfolios, but they make life easier for DB plans.
Newsmakers
Understanding PRT: Key Steps Leading to Successful PRT
As firms move on from the first step of cleaning up their data, they must next think about the financial and accounting implications that come with pension risk transfer.
Newsmakers
A Look at PRT Solutions and Costs
There are cost and other considerations for each solution on the spectrum of pension risk transfer options.
Newsmakers
Understanding PRT: Administrative and Fiduciary Considerations
Proper due diligence and administration are vital to guarantee that the transaction does not create additional risk for plan sponsors.
Risk
US Pension Buyout Sales More Than Triple in Q3 to $15.8 Billion
The pension risk transfer market is poised for a record-breaking year in 2021.