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