buy-in – Benefits Canada.com

Median solvency ratio of Canadian DB pension plans up in Q3: reports

bmcgovern — Tue, 03 Oct 2023 15:00:48 +0000

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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Record levels of pension risk transfers in U.K., U.S. carrying into 2023: report

Jennifer Paterson — Thu, 31 Aug 2023 14:00:07 +0000

Record levels of transactions in the U.K. and U.S. pension risk transfer markets in 2022 are carrying into the first half of 2023, according to a new report by the Legal & General Group. In the U.K., the report found an unprecedented acceleration in demand, driven by more defined benefit pension plans being closer to […]

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RSA U.K. Pension Trustees entering £6.5BN annuity buy-in

Sadie Janes — Wed, 01 Mar 2023 14:00:10 +0000

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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Higher long-term bond yields lowering annuity purchase costs for DB pension plan sponsors: expert

bwolfe — Thu, 30 Jun 2022 13:00:30 +0000

Higher long-term bond yields driven by rising interest rates are lowering the cost of annuity purchases for defined benefit pension plans, says Mary Kate Archibald, a principal at Eckler Ltd. Since January, the cost of an annuity purchase has decreased by between 10 and 15 per cent, as long-term bond yields increased from 1.7 to […]

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How West Fraser is taking a phased approach to pension plan annuitization

mschmit — Thu, 20 Feb 2020 04:49:13 +0000

West Fraser Timber Co. Ltd. isn’t annuitizing multiple defined benefit plans to get out of the pension business. In fact, the British Columbia-based integrated wood products company is committed to DB. “We believe we get tremendous value out of our DB plans around recruitment and definitely around retention of our employees,” says Elaine Jensen, the […]

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