Considering Balance Sheet Issues for Pension Risk Transfers
A pension risk transfer (PRT) to terminate a defined benefit (DB) plan reflects heavily on a plan sponsor’s balance sheet,...
Tag: pension risk transfer
Avery Dennison Settles DB Plan Liabilities With Annuity Purchase
The firm has transferred $750 million in pension obligations to American General Life Insurance Company, part of AIG’s life and...
Risk Transfer Floodgates Hold, For Now
Even with the documented acceleration of de-risking activity, Tom McCartan at PGIM Fixed Income notes that less than 1% of...
Products |
MassMutual Enhances Website for Participants Affected by Pension Risk Transfer
Both active annuitants and deferred annuitants can go to MassMutual’s website to access information about their annuity, as well as...
Fourth Quarter Volatility Wipes Out DB Plans’ Funding Status Gains
Pension plans’ funding rose a mere 70 basis points last year, according to Goldman Sachs Asset Management.
Pension Risk Transfers Help Largest DB Plans Reduce PBGC Premiums
J.P. Morgan’s “Corporate Pension Peer Analysis 2018,” says 2018 was the largest asset allocation de-risking year for defined benefit (DB)...
Number of Pension Buy-Out Deals Growing Each Year
“A big driver of the 2018 buy-out sales was a combination of mid- to large-PRT deals,” says Eugene Noble, research...
IRS Reverses Course on Lump-Sum Payment Windows to Certain Retirees
The IRS had previously put a halt to the practice of defined benefit (DB) plan sponsors offering lump-sum windows to...
Opinions |
2019 Retirement Outlook and Investment Insights
Jonathan Barry, MFS Investment Management, discusses key trends retirement plan sponsors may expect to see this year, as well as...
Lockheed Martin Transfers $2.6 Billion in Pension Obligations
The company announced one annuity buy-out transaction and one annuity buy-in transaction.
Survey Suggests Pension Risk Transfer Activity Will Increase in 2019
Sixty-seven percent of defined benefit (DB) plan sponsors polled say they will conduct an annuity buyout to de-risk, and the...
MetLife Settles With Massachusetts Regarding Pension Risk Transfer Beneficiary Payments
MetLife has been accused of failing to take sufficient measures to locate annuitants, declaring them dead and transferring the assets...
Mercer Encourages DB Sponsors to Act on Funded Status Improvements
Mercer recommends 10 areas of focus for defined benefit plans in 2019.
Steps to Prepare for a DB Plan Termination
There are goals and deadlines during the termination process, so a plan sponsor doesn’t want to hit a roadblock and...
Bristol-Myers Squibb Announces Pension Risk Transfer
The firm is terminating its pension plan via a combination of lump-sum distributions and an annuity purchase.
MassMutual Will Take on $50M of E.W. Scripps Pension Liability
Scripps Chief Financial Officer Lisa Knutson says the pension risk transfer agreement is “another move in the company’s effort to...
Managing Surplus Funding When Terminating a DB Plan
An article by Brian Donohue, partner at October Three Consulting, discusses how a funding surplus can pose a challenge to...
Opinions |
Should Plan Sponsors Purchase Annuities for Their Pension Plan?
David Davala, with Findley, discusses considerations for defined benefit (DB) plan sponsors before deciding whether to transfer some of their...
Goldman Sachs: Many Pensions Stand in PRT Goldilocks Zone
If interest rates continue to rise, this may have a negative impact on equity valuations; consequently, according to Goldman Sachs...
Prudential Takes on $1.6 Billion PRT from International Paper
The sizable deal comes as more large employers close to within striking distance of PRT transactions.