Dollar volume lagged, but that may be a sign of smaller plans’ increased use of PRTs.
AT&T’s May transaction and other large PRTs push up the tally, Legal & General reports.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
A huge transfer from Lockheed cemented its lead, says S&P, as pension shifting grows.
Athene will provide annuity benefits to approximately 70,000 GE retirees.
Increased volatility caused by coronavirus likely to keep risk transfer market booming.