Offloading retiree pension risk to an insurance company became less expensive for plan sponsors in April, according to consulting and actuary firm Milliman, which tracks the cost of de-risking pension ...
The US pension risk transfer (PRT) market is experiencing rapid growth, fueled by regulatory changes, favorable economic conditions, and a heightened focus on reducing financial risks. Key trends ...
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn. According to the ...
Seyfarth Synopsis: The first two district court opinions deciding whether plaintiffs have Article III standing to challenge pension risk transfers have reached opposite conclusions. One case will ...
The pension risk transfer market continues to show growth, as total U.S. single-premium PRT sales hit $51.8 billion in 2024. That level marks a 14% increase from the prior year’s results and is less ...
People’s Partnership CEO Patrick Heath-Lay addresses the substantial problems that the industry faces regarding pension transfers. It’s been a year since we launched our campaign to address the ...
Over the last several years, numerous large pension plan sponsors have transferred billions of dollars in financial risk related to their pension plan benefit obligations to insurance companies ...
(Bloomberg) -- For the millions of expats who leave pension pots behind as they job-hop through the world’s financial hubs, retrieving that money has become a costly experience fraught with peril.
People with pensions are currently left waiting for months and even years leaving their money 'trapped', campaigners say ...