Browsing: Pension Risk Transfer
Life Risk News’ coverage of the pension risk transfer market
An insurance buy-out is not the only option in town for UK defined benefit pension schemes looking to de-risk – but is it still the best one?
Longevity swap market has not gone the way of the dinosaurs just yet.
Total US single-premium pension risk transfer premium was $14.2Bn in the third quarter.
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.
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.
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.