Pensions
US PRT Market Sees $14B in Volume in Q3
Nearly half of this quarter’s pension risk transfer volume came from IBM’s $6 billion PRT with Prudential, per Legal & General Retirement America.
Tag: Legal & General
Pensions
Deutsche Bank UK Pension Completes $1.4B Buy-In
The pension risk transfer transaction will be the bank’s third with Legal & General.
Newsmakers
Anisha Gangwani Appointed CIO of Legal & General Retirement America
Gangwani will lead the investments of the pension risk transfer provider.
Risk
Pension Risk Transfer Contracts Hit Record Numbers in 3Q
Dollar volume lagged, but that may be a sign of smaller plans’ increased use of PRTs.
Pensions
UK Pension Risk Transfer Market Drops to £26 Billion in 2022
Despite decline, the British market topped £25 billion for the fourth straight year.
Newsmakers
Despite April’s Poor Equity Returns, Rising Discount Rates Improved Funded Status for Most Pensions
Last month had one of the highest single-month discount rate increases for many data collectors.
Newsmakers
Pension Risk Transfer Market Has Largest First Quarter in History
Experts predict that this trend will only accelerate throughout the year.
Asset Allocation
British Pension to Shift $6.7 Billion Away from Polluters
USS is the largest private pension fund in the UK.
Risk
British Airways Pensions Transfers $30 Billion in Assets to BlackRock
Intensifying regulation, rising operational costs, and increasingly complex investments were cited by the beleaguered airline.
Research
Retiree Lift-Outs Boost Pension Risk Transfers to $4 Billion in Q3
Employers are pushing through transactions in the second half of the year after the pandemic forced delays.
Newsmakers
Legal & General Is Trying Out Blockchain for Its Bulk Annuities
The UK insurer to work with Amazon to cut costs and better store data for future bulk annuity deals.
Risk
Rolls-Royce, Legal & General Strike $5.8 Billion Pension Deal
Insurer tops previous record for the largest risk transfer seen in the UK.
US Corporate Pensions’ Funded Status Edges Higher in November
Volatility in equity markets continues to concern plan sponsors.
Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
Newsmakers
Legal & General, British Airways Cut Largest UK Bulk Annuity Deal
The financial services company will take over $5.7 billion of the airline’s pension liabilities.