Scott Kaplan, senior vice president and head of Prudential’sPension Risk Transfer business, which now oversees $60 billion ofU.S. pension liabilities, says it is by design that he and his teamare pacing the surging pension buyout market.
The Pension Protection Act of 2006, which the Society ofActuaries has called “the most significant overhaul to U.S. pensionfunding regulations since ERISA,” sent a clear signal to Prudentialthat the pension transfer market was poised toopen up, said Kaplan.
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