Pensions Archives - Page 2 of 3 - Retirement Income Journal

Alcoa transfers DB risk to Sun Life and others

By Editorial Staff Thu, Apr 5, 2018

Sun Life Financial, Desjardins Financial Security Life Assurance Company, and Industrial Alliance Insurance and Financial Services Inc. (IAFS) will begin making benefit payments to the affected plan participants by...

Published April 5, 2018

In Canada, ‘LIFE’ Begins at 85

By Kerry Pechter Thu, Mar 22, 2018

Bonnie-Jeanne MacDonald (right or below), a research fellow at Toronto's Ryerson University, proposes a voluntary, tontine-like deferred income annuity called Lifetime Income for the Elderly (LIFE). Canadians could make...

Published March 22, 2018

MassMutual aims to compete harder for defined benefit business

By Editorial Staff Thu, Sep 21, 2017

PensionSmart Analysis, as MassMutual calls its newest tool, is available to DB plan sponsors through financial advisors and consultants who serve the pension recordkeeping, investments and actuarial marketplaces.

Published September 21, 2017

DC plans deliver less income than DB plans, study shows

By Editorial Staff Wed, Mar 15, 2017

Expansion of DC coverage, wider use of auto-enrollment and auto-escalation of contributions, and reduced leakage would help turn the situation around, according to the Center for Retirement Research at...

Published March 16, 2017

MassMutual offers customized pension yield curves to DB clients

By Editorial Staff Thu, Feb 9, 2017

MassMutual issued a white paper on its yield curve methodology and compares it with other yield curves available on the market. The white paper is available to plan sponsors...

Published February 9, 2017

Dream-House Shopping in Costa Rica

By Kerry Pechter Mon, Jan 23, 2017

The house was for sale. Its mystical vibe seduced them into paying $150,000 in cash. Monkeys, sloths, macaws, butterflies and gekkos would be their neighbors as the couple aged....

Published January 26, 2017

Skin in the (Costa Rican Retirement) Game

By Kerry Pechter Fri, Jan 20, 2017

How do Costa Ricans pay for retirement? In San Jose, Alvaro Ramos Chaves (above), the pensions regulator, told RIJ how his nation’s mandatory DB and DC plans work. His...

Published January 20, 2017

Will pensions become subject to state income tax in Illinois?

By Editorial Staff Wed, Nov 16, 2016

AARP is leading an effort to prevent fiscally-challenged Illinois from taxing pension income again after a holiday of 32 years. Reinstating the tax would bring in an estimated $2...

Published November 17, 2016

Pension risk transfers have varied effects, actuaries say

By Editorial Staff Wed, Oct 12, 2016

Pension risk transfers may include the purchase of annuities from life insurers, the payment to plan participants of lump sums, and/or the restructuring of plan investments to reduce risk...

Published October 13, 2016

TIAA creates fund to invest in ‘super-regional’ malls

By Editorial Staff Thu, Aug 18, 2016

Super-regional malls are “a distinctly strong and stable performer throughout multiple cycles,” said Suzan Amato, managing director of TIAA Global Asset Management.

Published August 18, 2016

European pension executives criticize quantitative easing

By Editorial Staff Thu, Jun 23, 2016

The European Central Bank is “distorting the market” for corporate debt, several pension executives said at an institutional investors' summit in Vienna this week.

Published June 23, 2016

Pension buy-out volume up 21% in first quarter

By Editorial Staff Thu, Jun 2, 2016

At $1.084 billion, first quarter sales exceeded $1 billion for the first time since 2008 on 68 transactions, according to the LIMRA Secure Retirement Institute.

Published June 2, 2016

Conning study assesses pension risk transfer (PRT) market

By Editorial Staff Thu, May 12, 2016

'Longevity risk may be a future issue for U.S. insurers since they currently do not incur a longevity charge under RBC,' Conning analyst Scott Hawkins told RIJ in an...

Published May 12, 2016

Group annuity risk transfer sales top $14 billion in 2015: LIMRA

By Editorial Staff Thu, Mar 3, 2016

In the fourth quarter, group annuity risk transfer sales were $5.8 billion or almost 19% lower than the previous year. Total assets of buy-out products increased 10%, to $90...

Published March 3, 2016

U.S. ranked 15th in pension excellence: Mercer

By Editorial Staff Fri, Oct 23, 2015

Both the Dutch and Danish systems were highlighted as “first class” in the seventh edition of the survey, while Sweden rose from sixth place to tie for fifth with...

Published October 23, 2015

‘De-Risky’ Business

By Kerry Pechter Thu, Oct 15, 2015

Prudential has dominated the burgeoning market in jumbo pension buyouts. In the week following Prudential deals with JC Penney and Philips Electronics, RIJ spoke with Peggy McDonald (above), an...

Published October 15, 2015

Prudential buys a chunk of JCPenney pension

By Editorial Staff Thu, Oct 8, 2015

A portion of plan assets and liabilities of some 43,000 retirees and beneficiaries will move to Prudential without a cash contribution from JCPenney, according to a release. The deal...

Published October 8, 2015

BlackRock now manages $123 billion in Japanese savings

By Editorial Staff Thu, Aug 13, 2015

BlackRock is now Japan’s second-largest manager of DB assets after Sumitomo Mitsui Trust, according to the Japan Pensions Industry Database.

Published August 13, 2015

AXA’s UK pension fund uses longevity swap

By Editorial Staff Thu, Jul 16, 2015

Insurers will be subject to additional capital requirements when Solvency II kicks in later this year, requiring companies to shore up longevity within their books and their own pension...

Published July 16, 2015

Conversions of pensions to lump sum payments are banned

By Editorial Staff

“If a participant has the ability to accelerate distributions at any time, then the actuarial cost associated with that acceleration right would result in smaller initial benefits," the IRS...

Published July 16, 2015

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