Offloading retiree pension risk to an insurance company became less expensive for plan sponsors in April, according to consulting and actuary firm Milliman, which tracks the cost of de-risking pension ...
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn. According to the ...
Defined benefit (DB) pension transfer compensation continues to be nil in the majority of cases, with 2025 marking a year of “radical decline” in potential redress, Broadstone’s DB redress tracker has ...
Seyfarth Synopsis: The first two district court opinions deciding whether plaintiffs have Article III standing to challenge pension risk transfers have reached opposite conclusions. One case will ...
The global pension risk transfer market continues to hit new highs, and is expected to keep going as corporations look to offload risk. It's an increasingly competitive market, with just nine insurers ...
People’s Partnership CEO Patrick Heath-Lay addresses the substantial problems that the industry faces regarding pension transfers. It’s been a year since we launched our campaign to address the ...
Over the last several years, numerous large pension plan sponsors have transferred billions of dollars in financial risk related to their pension plan benefit obligations to insurance companies ...
While pension risk transfer (PRT) deals continue to break records, federal regulators are nearing a deadline for review and recommendations of Interpretative Bulletin 95-1. Issued by the Department of ...
(Bloomberg) -- For the millions of expats who leave pension pots behind as they job-hop through the world’s financial hubs, retrieving that money has become a costly experience fraught with peril.
Investors could lose out when they do a pension transfer, as the process is fraught with risk and requires advice, says David ...
A lawsuit against Alcoa USA Corporation may not dominate front-page news—but for nearly 28,000 retirees, it strikes at the heart of something sacred: financial peace in retirement. Legal firm ...
Victoria Leyton, from Sheffield, decided it was time to start thinking seriously about her retirement plans when she turned 40 last summer. At the start of this year, she vowed to transfer all her old ...