The cost of purchasing annuities from an insurer decreased to 108.3% of the value of transferred liabilities in October from 108.9% the previous month, according to Mercer’s U.S. Pension Buyout ...
November 27, 2013 | 01:28 pm
Vastly improved funding of corporate defined benefit plans should lead to more pension buyouts and lump-sum offers like the deal announced on Nov. 13 by SPX Corp., Charlotte, N.C.
November 25, 2013
NCR Corp., Duluth, Ga., announced on Tuesday it has entered into an annuity buyout agreement with Pension Insurance Corp. for the defined benefit pension fund for NCR Ltd., its U.K. subsidiary.
November 20, 2013 | 03:07 pm
SPX Corp., Charlotte, N.C., entered into an annuity buyout contract with Massachusetts Mutual Life Insurance Co., confirmed Ryan Taylor, director of investor relations.
November 14, 2013 | 03:50 pm
Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.
November 11, 2013
Pension buyouts have been in a lull so far in 2013, but insurers and consultants expect a rush by corporate defined benefit plans in the next several years.
October 14, 2013
InterContinental Hotels Group PLC has completed a buyout of its U.K. pension fund with Rothesay Life.
September 03, 2013 | 02:20 pm
Canada's Office of the Superintendent of Financial Institutions on Thursday said it expects administrators of all federally regulated pension funds in Canada to understand the risks involved in...
August 30, 2013 | 11:44 am
Purchasing a pension buyout for retirees might increase risk for the pension fund and result in greater costs to the company than the premium paid to an insurer, according to a report from J.P....
June 26, 2013 | 08:00 am
A federal judge on Monday dismissed a suit by Verizon Communications Inc. management retirees contesting the company's decision to purchase a group annuity contract from Prudential Insurance Co. of...
June 24, 2013 | 06:02 pm
The volume of lump-sum buyout offers has slowed dramatically so far in 2013 following a flurry of activity last year, but lump sums remain a forefront topic for corporate pension funds.
April 25, 2013 | 03:52 pm
Notable U.K. pension fund longevity swap deals since 2010.
February 21, 2013 | 10:20 am
The news about Ford and GM making lump-sum offers last year led to a flurry of speculation that the DB cashout option would gain momentum as a risk-management strategy for many more companies.
January 30, 2013 | 09:18 am
General Motors Co. is in discussions with the United Auto Workers union on offering lump-sum pension payments, confirmed GM spokesman Dave Roman.
January 09, 2013 | 04:04 pm
A group of senior pilots at American Airlines on Monday asked the judge overseeing parent AMR Corp's Chapter 11 bankruptcy case to withhold approval of a new labor agreement that would eliminate the...