Risk transfer options have increased as the aggregate funded status of corporate pensions has improved since the financial crisis. (Photo: Shutterstock)
The fourth quarter of 2018 saw continued momentum in the pension risk transfer market, as another $10.4 billion in corporate pension obligations was moved off sponsors' books to insurance companies, according LIMRA Secure Retirement Institute's quarterly U.S. Group Annuity Risk Transfer Survey.
The fourth quarter tends to be the most active for risk transfer deals, according to LIMRA. The $10.4 billion in sales was the third most active quarter on record, behind the $11.1 billion sold in the Q4 2017, and the blockbuster Q4 of 2012, which saw $34.6 billion in sales.
Last year's second quarter saw $8.2 billion in pension transfer sales, the largest Q2 activity on record.
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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.
