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.
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Higher rates are no friend to bond portfolios, but they make life easier for DB plans.
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.
