Compliance | July 1st, 2024 GE Joins List of Companies Sued Over PRT Deal with Athene General Electric Co. has been sued by former participants represented by law firm Schlichter Bogard LLP after completing a pension...
Benefits | June 13th, 2024 3M Announces Transfer of 23,000 Retirees to Insurer The transaction will remove $2.5 billion in pension liabilities from the company's books.
Benefits | June 13th, 2024 High Bond Yields Drive Increase in PRT Contracts The rise in yields in recent years have not boosted the size of the contracts.
Benefits | June 3rd, 2024 Now It Is About Protecting Healthy Funded Levels Higher interest rates since 2022 have put corporate pension funds at their highest funding levels in many years, prompting plan...
Benefits | June 3rd, 2024 Increased Litigation Around PRTs Brings Insurance Industry Practices to Light As defined benefit plan sponsors look to de-risk and offload pension liabilities, the selection of annuity providers has come under...
Investing | June 3rd, 2024 Investment Strategies are Among the PRT Alternatives Plan sponsors can consider plan conversions, similar to what IBM has done, hibernation or different investment strategies to reduce risk...
Benefits | May 28th, 2024 Entergy to Transfer $1.2B in Pension Liabilities Transaction with MetLife is one of several billion-dollar buyouts completed so far in 2024.
Data and Research | May 23rd, 2024 Pension Risk Transfer Market Sets Q1 Record The first quarter of 2024 has already seen two jumbo PRT deals, with Verizon and Shell offloading their pension liabilities.
Compliance | May 1st, 2024 Alcoa Corp. Faces Lawsuit Over PRT Deal with Athene This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk...
Compliance | April 4th, 2024 ACLI Concerned IB 95-1 Changes Will Cause ‘Chilling Effect’ on PRT Market The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about...
Benefits | April 1st, 2024 Unisys Completes Latest in Series of Pension Annuitizations The transaction, completed with F&G Annuities & Life, is Unisys' sixth since January 2021, totaling nearly $2 billion.
Benefits | March 28th, 2024 Pension Risk Transfer Premiums Hit $12.7B In Q4 2023 Following two record years for PRT transactions, LIMRA expects the trajectory to continue for the rest of 2024.
Data and Research | March 22nd, 2024 Aon Projects PRT Market Will Again Climb Above $40B 2024 has already seen significant activity, with Shell and Verizon both conducting large pension risk transfers in the last few...
Compliance | March 18th, 2024 Association of BellTel Retirees Points to Red Flags in Verizon PRT Deal Advocates for the protection of retirees’ pensions and benefits say the telecom firm has ‘shamefully discarded 97,000 loyal retirees’ in...
Compliance | March 14th, 2024 FirstEnergy Completes $700M Pension Risk Transfer Meanwhile, a new lawsuit was filed against Lockheed Martin over two PRT deals involving Athene Annuity and Life Company from...
Benefits | January 17th, 2024 Market Strong for Plan Sponsors to De-Risk DB Plans, According to Agilis The pension and investments manager expects de-risking strategies to remain attractive in 2024.
Data and Research | October 4th, 2023 Market Conditions Continue to Fuel Pension Risk Transfers The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...
Administration | August 18th, 2023 Pension Risk Transfer Deals Hit Record Level in First Half of 2023 Companies completed 289 transaction in the first half of 2023, per an Aon study.
Compliance | July 19th, 2023 DOL Considers Changing Standards for Annuity Provider Selection Interpretative Bulletin 95-1 could be in for an overhaul this year or next.
Benefits | June 1st, 2023 PPG Agrees to $309M Pension Risk Transfer Deal The transaction with Legal & General and RGA is intended to secure the retirement benefits of more than 4,000 PPG...