March 23, 2015 01:00 AM
Pension risk transfer scorecard
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| Recent notable risk transfers. All dollar amounts are in U.S. millions. | ||||||
| Plan sponsor | Date | Type of transaction | Assets involved | Employees covered | Country of plan | Insurer |
|---|---|---|---|---|---|---|
| BCE | March 3, 2015 | Longevity swap | $4,000 | n/a | Canada | Sun Life Financial |
| Kimberly-Clark | Feb. 23, 2015 | Buyout | $2,500 | 21,000 | U.S. | MassMutual and Prudential |
| Hospira | Feb. 12, 2015 | Lump sum | $22 | n/a | U.S. | n/a |
| Celanese | Feb. 10, 2015 | Lump sum | $143 | n/a | U.S. | n/a |
| Lockheed Martin | Feb. 10, 2015 | Lump sum | $427 | n/a | U.S. | n/a |
| ScottishPower U.K. | Feb. 9, 2015 | Longevity swap | $3,000 | 9,000 | U.K. | Abbey Life (Deutsche Bank) |
| Alcatel-Lucent | Feb. 6, 2015 | Lump sum | n/a | 32,000 | U.S. | n/a |
| Intercontinental Exchange | Feb. 6, 2015 | Lump sum | $55 | 935 | U.S. | n/a |
| United Technologies | Feb. 5, 2015 | Lump sum | $458 | n/a | U.S. | n/a |
| Ryder System | Feb. 3, 2015 | Lump sum | n/a | 6,600 | U.S. | n/a |
| Timken | Jan. 22, 2015 | Buyout | $600 | 5,000 | U.S. | Prudential |
| Merchant Navy Officers Pension Fund | Jan. 7, 2015 | Longevity swap | $2,300 | 16,000 | U.K. | Pacific Life Re |
| NCR | Dec. 17, 2014 | Buyout | $160 | 4,500 | U.S. | Principal |
| TRW Automotive Holdings | Dec. 16, 2014 | Buyout | $440 | 7,045 | U.S. | MetLife Inc. |
| Barnes & Noble | Dec. 9, 2014 | Lump sum | n/a | 2,350 | U.S. | n/a |
| TRW Automotive Holdings | Nov. 27, 2014 | Buyout | $3,900 | 22,000 | U.K. | Legal & General |
| Rock-Tenn | Nov. 24, 2014 | Lump sum | $249 | 5,000 | U.S. | n/a |
| Flowers Foods | Nov. 13, 2014 | Lump sum | $46 | 1,500 | U.S. | n/a |
| Makro Staff Pension Scheme | Nov. 13, 2014 | Buy-in | $292 | n/a | U.K. | Rothesay Life |
| CTL Engineering | Nov. 10, 2014 | Buyout | $19 | n/a | U.K. | Aviva |
| CNA Financial | Nov. 3, 2014 | Lump sum | n/a | 11,000 | U.S. | n/a |
| Aon Minet Pension Scheme | Nov. 3, 2014 | Buy-in | $336 | n/a | U.K. | Pension Insurance Corp. |
| Boeing | Oct. 28, 2014 | Lump sum | n/a | 40,000 | U.S. | n/a |
| Hartford Financial Services Group | Oct. 28, 2014 | Lump sum | n/a | 13,500 | U.S. | n/a |
| RM | Oct. 23, 2014 | Buy-in | $49 | n/a | U.K. | Pension Insurance Corp. |
| Ryder System | Oct. 22, 2014 | Lump sum | n/a | 11,000 | U.S. | n/a |
| Unilever | Oct. 21, 2014 | Buy-in | $209 | n/a | U.K. | Legal & General |
| Panasonic Systems Networks U.K. Pension and Life Assurance Scheme | Oct. 21, 2014 | Buyout | n/a | 600 | U.K. | Rothesay Life |
| Ofcom | Oct. 15, 2014 | Buy-in | $80 | 350 | U.K. | Legal & General |
| Bristol-Myers Squibb | Sept. 30, 2014 | Buyout | $1,400 | 8,000 | U.S. | Prudential |
| Motorola Solutions | Sept. 25, 2014 | Buyout | $3,100 | 30,000 | U.S. | Prudential |
| Motorola Solutions | Sept. 25, 2014 | Lump sum | $1,100 | 32,000 | U.S. | n/a |
| Newell Rubbermaid | Sept. 23, 2014 | Lump sum | $200 | 5,700 | U.S. | n/a |
| Magnetek | Sept. 23, 2014 | Lump sum | n/a | 2,800 | U.S. | n/a |
| American Axle & Manufacturing Holdings | Sept. 22, 2014 | Lump sum | n/a | 6,000 | U.S. | n/a |
| Brink's | Aug. 29, 2014 | Lump sum | n/a | 9,000 | U.S. | n/a |
| Interserve Pension Scheme | Aug. 22, 2014 | Buy-in | $498 | n/a | U.K. | Aviva |
| PGL Pension Scheme | Aug. 21, 2014 | Longevity swap | $1,500 | n/a | U.K. | Phoenix Life |
| Vestey Group | Aug. 21, 2014 | Buyout | $464 | n/a | U.K. | Rothesay Life |
| Lehman Brothers | Aug. 19, 2014 | Buyout | $307 | 2,466 | U.K. | n/a |
| Archer Daniels Midland | Aug. 7, 2014 | Lump sum | $255 | 10,000 | U.S. | n/a |
| Miki Travel Pension & Assurance Scheme | Aug. 6, 2014 | Buyout | $76 | n/a | U.K. | Pension Insurance Corp. |
| Philips Pension Fund | July 25, 2014 | Buy-in | $509 | 1,800 | U.K. | Prudential U.K. |
| Visteon | July 16, 2014 | Buyout | $350 | n/a | U.S. | Prudential |
| Merchant Navy Officers Pension Fund | July 10, 2014 | Buyout | $43 | n/a | U.K. | Rothesay Life |
| BT Pension Scheme | July 4, 2014 | Longevity swap | $27,400 | n/a | U.K. | Prudential |
| NCR | June 10, 2014 | Lump sum | n/a | 20,000 | U.S. | n/a |
| Total U.K. Pension Plan | June 9, 2014 | Buy-in | $2,700 | n/a | U.K. | Pension Insurance Corp. |
| Alcatel-Lucent | June 5, 2014 | Lump sum | n/a | 45,000 | U.S. | n/a |
| RetailLink Management Pension Plan | May 14, 2014 | Buy-in | $59 | 100 | U.K. | Legal & General |
| Fremantle Group Pension Plan | May 11, 2014 | Buy-in | $79 | n/a | U.K. | Pension Insurance Corp. |
| ICI Pension Fund | March 26, 2014 | Buy-in | $6,000 | n/a | U.K. | Legal & General and Prudential U.K. and Europe |
| Church of England Pensions Board | March 11, 2014 | Buy-in | $168 | n/a | U.K. | Prudential U.K. |
| Aviva | March 6, 2014 | Longevity swap | $8,400 | 19,000 | U.K. | Swiss Re and SCOR |
| McCormick | Jan. 29, 2014 | Lump sum | $63 | n/a | U.S. | n/a |
| BAE Systems | Dec. 19, 2013 | Longevity swap | $2,900 | 17,000 | U.K. | Legal & General |
| AstraZeneca Pension Fund Trustee | Dec. 16, 2013 | Longevity swap | $4,100 | 10,000 | U.K. | Deutsche Bank |
| Carillion | Dec. 11, 2013 | Longevity swap | $1,600 | 9,000 | U.K. | Deutsche Bank |
| NCR | Nov. 20, 2013 | Buyout | $1,000 | 5,400 | U.K. | Pension Insurance Corp. |
| SPX | Nov. 14, 2013 | Buyout | $625 | 16,000 | U.S. | Mass Mutual |
| SPX | Nov. 14, 2013 | Lump sum | $175 | 7,500 | U.S. | n/a |
| MF Global U.K. Pension Fund | Oct. 17, 2013 | Buyout | $84 | n/a | U.K. | Pension Insurance Corp. |
| InterContinental Hotels Group | Sept. 3, 2013 | Buyout | $679 | n/a | U.K. | Rothesay Life |
| EMI Group Pension Fund | July 9, 2013 | Buyout | $2,200 | 20,000 | U.K. | Pension Insurance Corp. |
| Canadian Wheat Board | June 18, 2013 | Buy-in | $147 | n/a | U.S. | Sun Life Assurance Co. of Canada |
| BAE Systems 2000 Pension Plan | Feb. 21, 2013 | Longevity swap | $4,900 | n/a | U.K. | Legal & General |
| Exelon | Feb. 7, 2013 | Lump sum | $425 | 7,500 | U.S. | n/a |
| General Motors UK | Dec. 31, 2012 | Buy-in | $371 | n/a | U.K. | Rothesay Life |
| Lockheed Martin | Dec. 11, 2012 | Lump sum | n/a | 33,000 | U.S. | n/a |
| General Motors | Oct. 31, 2012 | Lump sum | $3,900 | 12,600 | U.S. | n/a |
| J.C. Penney | Oct. 29, 2012 | Lump sum | n/a | 35,000 | U.S. | n/a |
| Kaydon | Oct. 26, 2012 | Lump sum | n/a | n/a | U.S. | n/a |
| Kimberly-Clark | Oct. 24, 2012 | Lump sum | $750 | 10,000 | U.S. | n/a |
| Baxter International | Oct. 19, 2012 | Lump sum | n/a | 16,000 | U.S. | n/a |
| Verizon Communications | Oct. 17, 2012 | Buyout | $7,500 | 41,000 | U.S. | Prudential |
| Yum! Brands | Oct. 9, 2012 | Lump sum | n/a | n/a | U.S. | n/a |
| A.H. Belo | Oct. 5, 2012 | Lump sum | n/a | 1,500 | U.S. | n/a |
| Equifax | Oct. 1, 2012 | Lump sum | $126 | 3,500 | U.S. | n/a |
| Thomson Reuters | Sept. 25, 2012 | Lump sum | n/a | n/a | U.S. | n/a |
| Archer Daniels Midland | Sept. 21, 2012 | Lump sum | $175 | 7,250 | U.S. | n/a |
| Visteon | Sept. 19, 2012 | Lump sum | n/a | 10,000 | U.S. | n/a |
| Sears Holdings | Sept. 14, 2012 | Lump sum | n/a | n/a | U.S. | n/a |
| New York Times | Sept. 14, 2012 | Lump sum | n/a | 5,200 | U.S. | n/a |
| Energy Future Holdings | Aug. 9, 2012 | Lump sum | n/a | 2,000 | U.S. | n/a |
| NCR | Aug. 1, 2012 | Lump sum | n/a | 23,000 | U.S. | n/a |
| General Motors | June 11, 2012 | Buyout | $29,000 | 118,000 | U.S. | Prudential |
| Akzo Nobel | May 24, 2012 | Longevity swap | $2,193 | 17,000 | U.K. | Swiss Re |
| Ford Motor | April 30, 2012 | Lump sum | n/a | 90,000 | U.S. | n/a |
| Pilkington Group Superannuation Scheme | Jan. 9, 2012 | Buyout | $1,540 | n/a | U.K. | Legal & General |
| Rolls-Royce Holdings | Nov. 28, 2011 | Longevity swap | $4,680 | 37,000 | U.K. | Deutsche Bank |
| ITV Pension Scheme | Aug. 22, 2011 | Longevity swap | $4,000 | 12,000 | U.K. | Credit Suisse |
| Hickory Springs Mfg. | May 25, 2011 | Buy-in | $75 | 1,000 | U.S. | Prudential |
| Alitalia Airlines Pension and Assurance Scheme | July 14, 2010 | Buy-in | $77 | n/a | U.K. | Pension Insurance Corp. |
| British Airways | July 2, 2010 | Longevity swap | $2,039 | n/a | U.K. | Rothesay Life |
| Cadbury Pension Fund | Dec. 16, 2009 | Buy-in | $813 | n/a | U.K. | Pension Insurance Corp. |
| CDC Pensions Scheme | Nov. 17, 2009 | Buy-in | $619 | n/a | U.K. | Rothesay Life |
| RSA Insurance Group | July 27, 2009 | Longevity swap | $3,100 | n/a | U.K. | Rothesay Life |
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