Lockheed Martin offloads another $4.3 billion in pension liabilities
June 27, 2022 05:01:37 PMLockheed Martin Corp. purchased group annuity contracts from Athene Holding to transfer about $4.3 billion in U.S. pension plan liabilities.
Stelco secures $1.1 billion in pension liabilities with 2 insurers
June 17, 2022 02:09:52 PMStelco completed a pension buy-in with Brookfield Annuity Co. and Sun Life Assurance Co. of Canada to insure $1.1 billion in liabilities.
De La Rue inks £320 million buy-in deal for U.K. pension plan
June 16, 2022 01:38:26 PMDe La Rue Pension Scheme completed its first pension buy-in of about $400 million with Scottish Widows.
Nordson buys annuity to transfer $171 million in pension assets
May 31, 2022 02:51:15 PMNordson Corp. purchased a group annuity contract to transfer about $171 million in assets from two of its U.S. pension plans.
Pension risk transfer notches record first quarter for sales
May 26, 2022 09:00:00 AMU.S. corporate pension plan buyout and buy-in sales totaled $5.4 billion last quarter, the highest volume for a first quarter ever recorded.
Nationwide Building Society enters into buy-in deal
May 03, 2022 12:53:11 PMNationwide Building Society purchased a $221 million group annuity contract from Canada Life.
Newmont transfers $527 million of U.S. plan assets in annuity buy
April 22, 2022 12:22:57 PMNewmont Corp. bought a group annuity contract from an undisclosed insurance company to shift $527 million in U.S. pension plan obligations.
Clara-Pensions selects new CEO
March 31, 2022 03:59:27 PMSimon True was named CEO of Clara-Pensions, replacing founder Adam Saron, who will continue in an advisory role.
Peabody Investments buys group annuity contract for $500 million
March 29, 2022 11:28:03 AMPeabody said the buy-in deal with Prudential Insurance Co. of America will cover its U.S. pension plan liabilities.
Findel Group Pension Fund completes full buy-in with Standard Life
March 24, 2022 01:44:42 PMFindel Group Pension Fund completed a full $228 million buy-in with Standard Life in what the insurer said was "an accelerated timeline."
Air Canada U.K. lands buy-in with PIC
March 22, 2022 03:03:52 PMAir Canada U.K. Pension Trust Fund completed a buy-in with Pension Insurance Corp. that covers 1,400 participants.
PotlatchDeltic completes second pension buyout contract
March 18, 2022 10:03:40 AMPotlatchDeltic purchased a group annuity contract from American General Life Insurance to transfer about $70 million in pension plan liabilities.
Royal Mencap Society purchases annuity for DB plan
March 16, 2022 02:35:03 PMRoyal Mencap Society purchased a group annuity contract from Canada Life to insure about $80 million in U.K. pension plan liabilities.
Corporate pension buyouts record second-highest year in volume
March 08, 2022 11:49:38 AMU.S. corporate pension plan buyout sales totaled $34.2 billion in 2021, the highest volume since 2012.
Allegheny Technologies announces annuity purchase
February 25, 2022 03:10:58 PMAllegheny Technologies Inc. last year bought a group annuity contract to transfer about $70 million in U.S. pension plan liabilities.
Occidental Petroleum pumps $109 million into group annuity
February 25, 2022 11:16:08 AMOccidental Petroleum Corp. disclosed it purchased a group annuity contract to transfer about $109 million in pension plan obligations.
Pactiv wraps up deal to shift $1.26 billion in liabilities
February 23, 2022 06:48:42 PMPactiv LLC agreed to buy an annuity contract from Metropolitan Tower Life Insurance to transfer $1.26 billion in U.S. plan liabilities.
Timber Operators Council chops $245 million in pension liabilities
February 23, 2022 12:52:47 PMTimber Operators Council Retirement Plan and Trust purchased a group annuity contract from Prudential Insurance Co. of America.
Neenah to transfer $64 million in U.S. pension assets
February 22, 2022 12:40:48 PMNeenah Inc. purchased a group annuity contract from an insurance company to transfer about $64 million in U.S. pension plan assets.
PPG Industries to transfer $175 million in Canadian pension liabilities
February 17, 2022 02:58:07 PMPPG Industries Inc. purchased group annuity contracts to transfer about $175 million in Canadian pension plan liabilities.
Lloyds Banking Group secures second large longevity swap
February 15, 2022 11:29:40 AMLloyds Banking Group Pensions Trustees insured $7.5 billion in liabilities for one of its three defined benefit funds through a longevity swap.
A.O. Smith shutters its primary DB plan
February 11, 2022 03:39:25 PMA.O. Smith Corp. terminated its primary defined benefit plan and plans to buy a group annuity contract to transfer remaining liabilities.
American Axle & Manufacturing shifts pension liabilities
February 11, 2022 01:33:13 PMAmerican Axle & Manufacturing Holdings purchased a group annuity contract to transfer about $97 million in U.S. pension plan liabilities.
NorthWestern powers up $94 million liability transfer
February 11, 2022 01:11:26 PMNorthWestern Corp. purchased a group annuity contract from an insurance company to transfer $94 million in U.S. pension plan liabilities.
O-I Glass buys annuity to transfer $239 million in U.S. pension liabilities
February 09, 2022 12:38:49 PMO-I Glass Inc. purchased a group annuity contract from an insurance company to transfer about $239 million in U.S. pension plan liabilities.