Browsing: Industry News

The buy-in covers 853 pensioners and dependents and 3,368 deferred members.

Transaction insures the benefits of all scheme members comprising 32 pensioner members and 22 deferred members.

Farsight Partners has finalised an agreement with funds managed by AB CarVal to source and advise on up to $1bn of transactions.

The transaction secures the benefits of all 611 scheme members, comprising 416 pensioners and dependants as well as 195 deferred members.

The arrangement provides long-term protection to MNRPF against costs resulting from pensioners or their dependants living longer than expected and enhances security for MNRPF members.

he last month in which universal life insurance delivered a year-on-year improvement was November last year, so there has now been a full 12-month cycle of declines.

2024 edition shows the strong net funding position of the universe of defined benefit pension schemes has remained largely stable over the past year.

LGRA expects 2024 to finish at levels similar to that of 2022, the US market’s current banner year.

Milliman’s latest Milliman Pension Buyout Index (MPBI) suggests the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process rose from 100.8% of a plan’s accounting liabilities to 101.7% of those liabilities in September.

The deal covers US$4.1bn in liabilities, comprising $1.9bn in long-term care (LTC) and $2.2bn in structured settlements.