Regulation
MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
Tag: MetLife
Risk
FedEx Sending $6 Billion in Pension Liabilities to MetLife
Transaction is largest risk transfer in US since Verizon/Prudential deal.
Newsmakers
N.J. Seeks Retirees Owed Money by MetLife
More than 1,000 residents were not paid because the company said it couldn’t find them.
SEC Stunts MetLife Q4 Earnings Report Due to Missing Pension Fallout
Insurer links pension predicament to ‘material weakness in internal control and financial reporting.’
NY, Mass. Investigate MetLife over Unpaid Pensions
MetLife says it is fully committed to rectifying the situation.
Rutgers Conference: US Real Estate “Priced to Perfection”
Grocery-anchored and experiential-based retail, creative office space offer good opportunities.
Risk
Sears Transfers Pension Liabilities to MetLife in “De-risking” Move
Beginning August 1, 51,000 participants will receive benefit payments from MetLife.