Connecticut is joining a growing number of major public pension plans that have hired chief risk officers since the 2008 financial crisis.
Teradyne purchased a group annuity contract from an insurance company to transfer about $151 million in pension plan liabilities.
The U.K.'s bulk annuity market could hit a record £30 billion ($39 billion) this year, says consultant Aon.
The pension buyout trend shows no signs of slowing down, although how many more jumbo deals are in the offing is unclear.
Rising volatility is motivating asset owners to take a close look at investment strategies that mitigate risk or seek to find alpha.
Donny Hay was named a director at IC Select, a provider of oversight and selection services that also announced a new OCIO disclosure standard.
Robin Lenna, executive vice president, retirement and income solutions at MetLife, is retiring from the company effective March 1.
MetLife disclosed it has not paid about 13,500 participants in its group annuity population over the past 25 years.
Arrow Electronics transferred about $42 million in U.S. pension plan liabilities to an insurance company following the purchase of a group annuity contract.
Rockwell Collins Inc. purchased a group annuity contract to transfer $103 million in pension plan liabilities to an insurance company.
U.S. corporate pension plan buyouts reached $6.38 billion in the quarter ended Sept. 30, up 7.4% from the same quarter in 2016.
More U.S. corporations than ever are offloading pension fund liabilities, and doing so more strategically.
Pensions & Investments has published a new database on pension risk transfers.
Wolseley Group Retirement Benefits Plan insured £600 million ($803 million) of liabilities with Pension Insurance Corp.
More U.S. corporations with pension plans are concentrating on managing the benefits and liabilities of their plans.
Steve Bale was named principal consultant at Aon.
Ball Corp. purchased a group annuity contract from Prudential to transfer about $220 million in U.S. pension plan liabilities.
NCR Corp., Duluth, Ga., will offer a voluntary lump-sum window to about 7,000 former employees vested in its U.S. pension plan.
Much of the U.S. economy's tepid growth can be traced to policies that hinder stakeholders from engaging in economic risk-taking or accepting uncertainty.
Asset owners are becoming more concerned with geopolitical risks, but they're also more bullish about global investing.
Given the inherent focus on sustainability, core infrastructure exposure is increasingly prized in institutional portfolios -- and reflected in the price.
Realistic plan design, structured for the long term, is key to addressing the longevity and market risks that might otherwise stand in the way of broad-based retirement security.
There is reason to celebrate financial engineering, which combines finance, investment management, high-level mathematics and computer programming science.