Search Results for “annuity buy-in” – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. pension risk transfer sales premium increased 130% in Q1 2024: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/u-s-pension-risk-transfer-sales-premium-increased-130-in-q1-2024-report/ Tue, 18 Jun 2024 19:00:53 +0000 https://www.benefitscanada.com/?p=157083 U.S. pension risk transfer sales reached US$14.6 billion in the first quarter of 2024, a 130 per cent increase from the same period in 2023, according to a report by LIMRA. Single-premium buy-out sales totalled $14.2 billion in the first quarter, up 124 per cent from this period in 2023. There were 146 contracts sold […]

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]]> Group annuity market growing as DB pension plans move to de-risk https://www.benefitscanada.com/pensions/defined-benefit-pensions/group-annuity-market-growing-as-db-pension-plans-move-to-de-risk/ Thu, 21 Mar 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=153313 Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well for what has been a rapidly expanding group annuity buyout and buy-in market. “As of 2013, the group annuity market amounted to about $1 billion annually,” says Charbel Assal, senior […]

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]]> U.S. pension risk transfer sales increased 39% in Q3 2023: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/u-s-pension-risk-transfer-sales-increased-39-in-q3-2023-survey/ Mon, 08 Jan 2024 14:00:39 +0000 https://www.benefitscanada.com/?p=149973 U.S. pension risk transfer sales increased by 39 per cent during the third quarter of 2023, according to a report by LIMRA. It found single premium buyout sales were US$8.1 billion, 69 per cent lower than this time last year. Year-to-date, buyout sales fell 30 per cent to $28.9 billion compared to 2022. There were […]

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]]> Majority of U.S. DB pension plan sponsors expect to divest liabilities over next 4 years: survey https://www.benefitscanada.com/pensions/defined-benefit-pensions/majority-of-u-s-db-pension-plan-sponsors-expect-to-divest-liabilities-over-next-4-years-survey/ Wed, 04 Oct 2023 19:00:18 +0000 https://www.benefitscanada.com/?p=144604 Nine in 10 (89 per cent) U.S. defined benefit pension plan sponsors say they’re expecting to completely divest their plan liabilities in roughly four years, according to a new survey by MetLife Inc. The survey, which polled 250 DB plan sponsors, found nearly all (94 per cent) said the financial impacts of volatility and related risks […]

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]]> Median solvency ratio of Canadian DB pension plans up in Q3: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-increases-in-q3-report/ Tue, 03 Oct 2023 15:00:48 +0000 https://www.benefitscanada.com/?p=144418 The median solvency ratio of defined benefit pension plans in Canada increased during the third quarter of 2023, according to separate reports from Mercer and Aon. Mercer’s report showed median solvency ratio rose from 119 per cent at June 30 to 125 per cent at Sept. 30, according to Mercer’s latest pension health pulse. The report, […]

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]]> Report finds Canadian pension risk transfer market saw $7.8BN in transferred liabilities in 2022 https://www.benefitscanada.com/pensions/defined-benefit-pensions/sun-lifes-leading-insurance-dropped-2022-report/ Thu, 10 Aug 2023 15:00:30 +0000 https://www.benefitscanada.com/?p=142044 Canada’s pension de-risking market saw a record-breaking year in 2022, with $7.8 billion in transferred liabilities and 155 transactions, according to a new report by Eckler Ltd. Mary Kate Archibald, pension principal at the consultancy, says the increase in the total sum for the year wasn’t a surprise due to the interest rate environment. To […]

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]]> Increased protection limits for annuities encouraging DB pension plan sponsors to de-risk: expert https://www.benefitscanada.com/pensions/defined-benefit-pensions/increased-protection-limits-for-annuities-encouraging-db-pension-plan-sponsors-to-de-risk-expert/ Thu, 22 Jun 2023 13:00:42 +0000 https://www.benefitscanada.com/?p=140158 An increase in the protection limit for defined benefit pension plan members’ assets invested in annuities is making it easier for plan sponsors to de-risk, says Mary Kate Archibald, a principal at Eckler Ltd. Assuris, the not-for-profit organization that protects a portion of retirement benefits from annuities in the event of an insurer’s insolvency, now covers up to $5,000 […]

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]]> 2023 Top 40 Money Managers Report: Using tools, technology to improve asset allocation, risk management https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-top-40-money-managers-report-using-tools-technology-to-improve-asset-allocation-risk-management/ Fri, 12 May 2023 12:56:27 +0000 https://www.benefitscanada.com/?p=137247 Large and small, pension plan sponsors are adopting in-house tools, partnering with technology research institutes or relying on investment managers for technological support with asset allocation, risk management and other aspects of investment management. The growing interest coincides with an increasingly complex investment, demographic and regulatory landscape. A 2020 Deloitte report on the importance of […]

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]]> RSA U.K. Pension Trustees entering £6.5BN annuity buy-in https://www.benefitscanada.com/pensions/defined-benefit-pensions/rsa-u-k-pension-trustees-entering-6-5bn-annuity-buy-in/ Wed, 01 Mar 2023 14:00:10 +0000 https://www.benefitscanada.com/?p=134643 RSA U.K. Pension Trustees, a subsidiary of Intact Financial Corp., is de-risking roughly £6.5 billion in U.K. defined benefit pension liabilities with an annuity buy-in. The deal, which will be completed with Pension Insurance Corp., will transfer all remaining economic and demographic risks associated with the Royal Insurance Group Pension Scheme and the Sal Pension Scheme, […]

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]]> Canadian DB pension plan assets declined 5.4 per cent in June: report https://www.benefitscanada.com/canadian-investment-review/db-investments/canadian-db-pension-plan-assets-declined-5-4-per-cent-in-june-report/ Thu, 14 Jul 2022 17:15:48 +0000 https://www.benefitscanada.com/?p=124285 The value of a typical Canadian defined benefit pension plan’s assets declined in June, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets decline by 5.4 per cent over the month. The benchmark portfolio is composed of 50 per cent equities and 50 per […]

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