Pensions – Page 2 – Retirement Income Journal

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

Britain’s Exchequer Mulls an End to Tax Deferred Savings

By Kerry Pechter Wed, Jul 15, 2015

Retirement industry watchers in the U.S. should watch what's happening in the U.K. It's a living experiment in pension and tax reform, and it could offer important lessons about...

Published July 16, 2015

Public pensions aren’t falling behind in mortality expectations: CRR

By Editorial Staff Fri, Apr 17, 2015

A study by the Center for Retirement Research at Boston College shows that if public pension plans used the private sector mortality tables, they would have to increase their...

Published April 17, 2015

Pension buy-out sales more than double in 2014

By Editorial Staff Thu, Mar 5, 2015

In fourth quarter 2014 Bristol-Meyers Squibb and Motorola each transferred their group pension obligations to Prudential. The sales from these two deals represented more than half of the $8.5...

Published March 5, 2015

Towers Watson cuts out middleman in longevity risk transfer deals

By Editorial Staff Mon, Dec 15, 2014

Towers Watson’s service, Longevity Direct, will give pension funds access to a “ready made insurance cell,” which it said could write insurance and reinsurance contracts for longevity swap transactions.

Published December 18, 2014

A 23.8-year average retirement for female DB pensioners: SoA

By Editorial Staff Wed, Oct 29, 2014

Among males age 65, overall longevity rose 2.0 years from age 84.6 in 2000 to age 86.6 in 2014. For women age 65, overall longevity rose 2.4 years from...

Published October 30, 2014

To exit DB plan, Motorola buys group annuity from Prudential

By Editorial Staff Thu, Sep 25, 2014

Motorola Solutions Pension Plan intends to purchase a group annuity contract under which Prudential will pay and administer future benefits to the approximately 30,000 retirees who currently receive payments....

Published September 25, 2014

Flight from DC plans could roil Polish markets

By Editorial Staff Wed, Aug 6, 2014

Poland created a national mandatory defined contribution plan in 1999. Now the DC plan is optional, and many of the participants of the twelve DC funds are transferring their...

Published August 7, 2014

How does an unshackled pension fund invest? Ask Sweden’s SPK

By Editorial Staff Wed, Jul 9, 2014

“We’ve invested in a Goldman Sachs fund, which includes credit, high yield and emerging market debt. It’s a broad mandate that we believe has the ability to make money...

Published July 10, 2014

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