Winners and Losers of the PRT Market Boom
Insurance carriers and asset managers skilled at pension risk transfer are reaping rewards of record transaction levels, while those specializing...
Tag: pension risk transfer
Former Pension Plan Participants Sue Lockheed Over Athene Risk Transfer
The lawsuit against Lockheed related to its PRT with Athene comes close on the heels of a similar suit against...
Prudential, Warburg Pincus Partner on Reinsurance Firm
The two financial firms are launching Prismic Life Reinsurance with $10 billion in reserves.
EBSA Mulls Modifying PRT Rules
Many stakeholders advised the DOL on how to change fiduciary standards for annuity provider selection.
ERISA Advisory Council Highlights Trends in Pension Risk Transfers
PRTs are trending upward, but their relationship with private equity and non-traditional investments is drawing more scrutiny.
Fidelity Starts Reinsurer Focused on PRT, Retail Annuities
The investment giant has registered a Bermuda affiliate to focus on the booming pension risk transfer and retail annuity markets,...
DB Pension Risk Transfers May Slow Due to Lack of Liquidity
Experts at last week’s PLANADVISER DB Summit discussed the challenges of transferring risk despite high interest rates.
Senate Legislation Calls for Expanded Lump-Sum Payment Disclosures
The bill’s cosponsors say workers need better information about how the choice of a lump-sum buyout of their lifetime pension...
New York State Fines Pacific Life for PRT Violations
The company was penalized for violating state law by conducting an unlicensed insurance business.
PRT Activity Anticipated to Increase Within the Decade
Several factors will likely drive more mid-market and large plan sponsors to initiate pension risk transfer (PRT) transactions, surveys show.
Aon, Alight Win Lawsuit Alleging PRT Failures
Following a bench trial, said the firms “acted prudently and reasonably in administrating, investing and terminating the pension plan.”
AIG Enters Consent Order with New York DFS Over PRT Transactions
AIG will pay a $12 million penalty to New York state for unlicensed pension risk transfer business.
Should Advisers Bother With Pension Plans?
Most in the retirement planning industry agree that defined contribution is the future. But what opportunities are there for advisers...
PRT Provider Fined for Unlawful Transactions in New York
Athene will pay a $45 million penalty to New York state for New York insurance law violations related to its pension risk transfer business.
Beyond (k)
Pension Risk Transfer on the Rise
With more insurers in the business, pricing has grown competitive
Watching Interest Rates Can Save Clients Money on PRTs
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...
OneAmerica PRT Account Holders Offered Enhanced Website
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...
It’s Important to Understand PRT Balance Sheet Hits
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.
Avery Dennison Transferring $750M in Pension Obligations to AIG
The agreement covers 8,500 retirees, beneficiaries and deferred and active members.