The Office of the Superintendent of Financial Institutions (OSFI) has good news for plan sponsors and insurers today. It has announced that buy-in annuities issued by a life insurance company are permissible investment options for pension plan.
As baby boomers enter the de-accumulation phase, they need better choices to protect against longevity risk—and policy reform could help, says a report released today by the C.D. Howe Institute.
With interest rates stuck at historic lows, we’re at a point where the “annuities are expensive” mantra is conventional wisdom and rarely questioned. The purpose of this article is to explore this notion and quantify what “expensive” really means.
U.K. plan sponsors have been on the de-risking journey for many years, with the majority of U.K. DB plans having now completed, or at least considered, some form of de-risking.
Following our third market meltdown in the past decade, the fashion maxim “everything old is new again” may apply to annuities as well.
The new U.S. Pension Protection Act (PPA) rules expected in 2012 will make it more conducive for private-sector DB plan sponsors to terminate their plans. And for organizations who choose to do so, participants in those plans will be required to choose a payout option. Vanguard’s research shows that participants leaving a DB plan are […]
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