Defying forecasts of another grim month due to global market volatility, the funded status of the 100 largest US corporate pension funds surprisingly increased $93 billion in March despite deteriorating economic conditions amid the COVID-19 pandemic. Just a month after hitting its lowest level in more than three years the Milliman 100 Pension Funding Index...Read More
At least some big life insurers are eager to sell the big group annuities used in the pension risk transfer business. Legal & General Group PLC and Global Atlantic Financial Group Ltd. have both put out signals that they're still hungry for pension risk transfer deals. Legal & General reported last week that it completed...Read More
The CARES (Coronavirus Aid, Relief and Economic Security) Act signed into law March 27 not only includes provisions related to defined contribution (DC) plans, but it also provides relief for defined benefit (DB) plan sponsors.Read More
The retirement industry looked a lot different 40 years ago, but one thing remains the same, Kurt Dietrich and his company continue to be recognized as pioneers. DIETRICH’s tenure in the industry has stood the test of time through a continuously changing economic environment. DIETRICH’s 40th anniversary in 2020 celebrates a long-standing tradition of serving...Read More
The US single-premium pension buyout market set a record with 501 contracts sold in 2019, according to the LIMRA Secure Retirement Institute, and sales are expected to increase again this year as the markets become increasingly volatile as a result of the coronavirus.Read More
Effective January 1, 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act includes reforms for Defined Contribution retirement plans.Read More
Supremex Inc., a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, today announced the purchase of a $46 million CAD group annuity buy-in with RBC Life Insurance Company.Read More
Plan sponsors will need to consider whether in 2020, as in 2019, stock market returns will be great enough to offset rising liabilities from interest rate decreases.Read More
