Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
New York regulator said the firm illegally entered into 14 risk transfer deals.
Latest 8-K reveals $2.6 billion in LDI transactions.
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
Prudential will take over the benefit obligations of 23,000 retirees.
De-risking move will help secure $190 million of benefits for 6,000 participants.
Newspaper publishers de-risk a combined $268.5 million.
Following the $1.3 billion group annuity purchase of 45,000 International Paper pensions, Prudential’s senior vice president and actuary shows CIO how it’s done.
72% of respondents likely to transfer additional liabilities in the future.
Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.