While the trend of corporations' overall interest in de-risking pension obligations is indisputable, relatively few plans have been fully terminated. (Photo: Bigstock)
Sponsors of defined benefit pension plans purchased $8.2 billion of single premium pension buy-out annuities in the second quarter of 2018, the most active second quarter for the pension risk transfer products over the past 15 years, according to the LIMRA Secure Retirement Institute's quarterly U.S. Group Annuity Risk Transfer Survey.
It was also the second most active quarter since 2012. In December of 2017, sponsors purchased $11.1 billion in risk transfer annuities.
Year-to-date, total sales are $9.6 billion. LIMRA expects sales to eclipse $23 billion for 2018.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
