U.S. corporate pension buyout sales down 78% in Q1 vs. year earlier – LIMRA
U.S. corporate pension plan buyout sales totaled $1 billion in the first quarter, 78% lower than the same period in 2020.
Stay updated with breaking news from Mark Paracer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
U.S. corporate pension plan buyout sales totaled $1 billion in the first quarter, 78% lower than the same period in 2020.
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes. A corporate pension risk transfer (PRT) in an innately risky undertaking. First are the risks of sitting tight and not doing a PRT. Such as: Will low interest rates continue and make the effort to meet liabilities harder? What if the stock market craters and stays low for a prolonged period? Can a plan meet its obligations in coming decades if the number of beneficiaries is unclear? But then there are the fresh risks of taking the leap and making a transfer. Like: Is bridging the gap to full funding, whi...