Newsmakers
UK Pension Incomes Hit Pre-Recession High
Retirement incomes have surged 30% in the past five years.
Retirement incomes have surged 30% in the past five years.
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.
Move will reduce the company’s pension obligation by $220 million.
72% of respondents likely to transfer additional liabilities in the future.
Responsibility of benefits for 16,000 former employees transfers to Prudential.