Employers racing to offload DB plans via pension risk transfer
Nearly 90% are planning to offload their pensions to insurance companies, using a strategy called a pension-risk transfer, MetLife found.
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Nearly 90% are planning to offload their pensions to insurance companies, using a strategy called a pension-risk transfer, MetLife found.
Sales reached a record-setting $16.2 billion in the second quarter, a 31% increase from 2022, LIMRA found.
U.S. pension risk transfer sales totaled $16.2 billion in the second quarter, up from $6.3 billion in the previous quarter.
PRT sales have broken records yet again, as the market grew another $6.3 billion in the first quarter of this year, according to LIMRA.
Early data for Q2, including an $8.05 billion transfer by AT&T, keep buy-outs in 2023 far ahead of last year’s pace.