The third quarter produced another new high for the pension derisking market, as total buyout sales hit $3.2 billion.
That comes on the heels of a record-setting second quarter that saw $3.8 billion in sales. It is the first time the market has seen sales top $3 billion in back-to-back quarters, according to data released by the LIMRA Secure Retirement Institute.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
