For more stories like this, sign up for the PLANADVISERdash daily newsletter.
Products May 27, 2015
Mercer Opens Pension Risk Exchange
In response to the increased demand for pension buyouts
Mercer has developed a Pension Risk Exchange to support defined benefit plan
sponsors in timing and execution of buyout deals.
Reported by PLANADVISER staff
The exchange delivers buyout price transparency and deal readiness, while ensuring plan participants are protected, Mercer says. The solution helps plan sponsors execute a buyout at more competitive prices and in a shorter time frame than is currently possible. It assists in the decision-making process and in selecting the optimum timing of the transaction.
The exchange provides insurer engagement and enhanced competition in the buyout market; buyout price transparency based on up-to-date annuity pricing derived from plan-specific data; improved sponsor deal readiness by preparing data and documents in advance of the transaction; and enhanced participant security and complete execution support.
A brochure may be downloaded from here.
You Might Also Like:
BlackRock Makes TDF With Annuity Option Its Plan QDIA
BlackRock plan participants will now be defaulted into its LifePath Paycheck, which offers an option to annuitize a portion of...
DC Advisers Interested in Retirement Income Solutions, but Still Hesitant
Systematic withdrawals are still more commonly recommended than in-plan annuities, but that may shift in coming years, according to researchers...
Empower to Offer Income Products From Allianz, Putnam and TIAA
The country’s second-largest recordkeeper adds more annuity retirement income products, including its first on-platform fixed-index annuity.