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...
Compliance | March 13th, 2024 AT&T Sued Over 2023 Pension Risk Transfer with Athene Annuity and Life Retirees alleged that AT&T shifted its pension responsibilities for 96,000 participants to a ‘risky’ insurance company, according to the lawsuit.
Benefits | March 6th, 2024 Insurers to Assume Pension Obligations for 56,000 Verizon Retirees The telecom giant announced the transfer of $5.9 billion in pensions to Prudential and RGA; payments from the insurers to...
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 | December 7th, 2023 How Higher Interest Rates Are Changing Focus of Fully Funded Pension Funds Many corporate pension fund leaders are re-evaluating their liability-driven managers and allocations.
Compliance | November 10th, 2023 EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement...
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...
Data and Research | August 25th, 2023 Pension Risk Transfers Continue to Surge in Q2 Sales reached a record-setting $16.2 billion in the second quarter, a 31% increase from 2022, LIMRA found.
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 | August 7th, 2023 Annuity Provider Representatives Push Back Against PRT Criticisms Leaders in the PRT world argue that many criticisms of insurers are misguided and that the DOL’s IB 95-1 has...
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...
Data and Research | May 25th, 2023 Pension Risk Transfers Continue to Skyrocket in Q1 PRT sales have broken records yet again, as the market grew another $6.3 billion in the first quarter of this...
Data and Research | March 29th, 2023 Pension Risk Transfers Spiked in 2022 due to Higher Interest Rates, Report Shows The U.S. pension risk transfer market grew to $51.8 billion last year, totaling 568 transactions, according to Aon’s recent report.