Tag: pension risk transfers

Several factors will likely drive more mid-market and large plan sponsors to initiate pension risk transfer (PRT) transactions, surveys show.

Following a bench trial, said the firms “acted prudently and reasonably in administrating, investing and terminating the pension plan.”

AIG will pay a $12 million penalty to New York state for unlicensed pension risk transfer business.

Most in the retirement planning industry agree that defined contribution is the future. But what opportunities are there for advisers...

Athene will pay a $45 million penalty to New York state for New York insurance law violations related to its pension risk transfer business.

The higher the annuity credited rate (interest rate) for a pension risk transfer (PRT), the more interest an insurer would earn and the less money it needs today...

The expanded portal will provide the same level of service to retirees (who are currently receiving a payment/annuity) that it does to those still employed (or who are...

“Buyout products had a very strong start to the year with $4.7 billion in sales,” says Mark Paracer, assistant research director for LIMRA SRI. “Previous first quarter sales...

Looking at the hits company balance sheets take from a pension risk transfer (PRT) to terminate a defined benefit (DB) plan, may cause plan sponsors to change course.

The agreement covers 8,500 retirees, beneficiaries and deferred and active members.

The company has improved navigation, provided more self-service features and information, and offered mobile access.

Pension plans’ funding rose a mere 70 basis points last year, according to Goldman Sachs Asset Management.

Actions taken by defined benefit (DB) plan sponsors helped them reduce Pension Benefit Guaranty Corporation (PBGC) premiums, according to a J.P. Morgan analysis.

In 2018, single premium buy-out product sales peaked at $26 billion, more than 14% higher than 2017, according to LIMRA Secure Retirement Institute’s quarterly U.S. Group Annuity Risk...

The agency previously announced it would amend required minimum distribution regulations in a way that would prohibit the offering of lump-sum windows to defined benefit (DB) plan participants...

In December 2018, certain of the corporation's pension plans used pension trust assets to purchase group annuity contracts from insurance companies for $2.6 billion.

The majority of DB plan sponsors plan to completely divest all of their company’s liabilities in the near future

A look at some of the products and services retirement plan sponsors are requesting outside of 401(k) plans.