Some 93% of companies with de-risking plans expect to completely divest their defined benefit liabilities, according to a MetLife survey.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
However, insurance companies likely won’t be able to accommodate the increased demand.
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
The airline struck a deal with five unions to convert a ground crew pension into a defined contribution plan.
Increased volatility caused by coronavirus likely to keep risk transfer market booming.