Tag: pension risk transfer

According to LIMRA, 14 carriers reported more than $1 billion in pension risk transfer sales during 2024.

Meiji Yasuda Life will also acquire all of L&G’s U.S. insurance protection business in a total $2.3 billion transaction.

A deal that transferred Verizon liabilities to group annuity contracts with Prudential and SSGA face ERISA breach allegations from former...

The Weyerhaeuser Co. was sued by former employees, represented by Schlichter Bogard LLP, over a pension risk transfer it conducted...

IBM’s $6 billion PRT with Prudential accounted for much of the market’s increase this quarter, according to Legal & General...

Among companies with pension de-risking plans, 93% expect to completely divest their defined benefit liabilities, according to a MetLife survey.

Pension risk transfers benefit plan sponsors and plan participants. 

Latest deal comes after the multinational technology company in 2023 closed its defined contribution plan in favor of a cash-balance...

Verizon, Shell and 3M completed the year’s three largest pension risk transfers so far.

The pharmaceutical company and investment manager are the latest to be accused of selecting Athene as its annuity provider in...

The $221 million transaction will secure pension benefits for retirees and beneficiaries at Sound Retirement Trust, a multiemployer plan for...

General Electric Co. has been sued by former participants represented by law firm Schlichter Bogard LLP after completing a pension...

The transaction will remove $2.5 billion in pension liabilities from the company's books.

The rise in yields in recent years have not boosted the size of the contracts.

The contracts, totaling $14.6 billion in premiums, represent a 26% increase from Q1 2023 and an all-time record, LIMRA reports.

As defined benefit plan sponsors look to de-risk and offload pension liabilities, the selection of annuity providers has come under...

Plan sponsors can consider plan conversions, similar to what IBM has done, hibernation or different investment strategies to reduce risk...

Transaction with MetLife is one of several billion-dollar buyouts completed so far in 2024.

The first quarter of 2024 has already seen two jumbo PRT deals, with Verizon and Shell offloading their pension liabilities.