More American non-profits are prioritizing the implementation of effective risk management strategies to preserve the longevity of their organizations and missions.
Visteon Corp. has entered into an agreement to transfer certain American pension assets to Prudential Insurance Company of America to settle approximately US$350 million of Visteon's US$1.1 billion in outstanding pension obligations.
Thanks to continuously generous Canadian equity returns during the second quarter of 2014, the health of the country’s DB pension plans reached the highest median solvency ratio since September 2007.
NCR Corp. is offering a voluntary lump sum payment option to certain former employees or beneficiaries currently receiving a monthly benefit from its American pension plan.
The largest Canadian corporate pension plans are now nearly fully funded, and some plans are beginning to take steps to de-risk, according to a report.
Most regulators do not view a buyout group annuity purchase from an ongoing pension plan as a complete settlement of the obligations covered by the annuity. Some DB plan sponsors with a desire to reduce pension risk face this barrier.
De-risking seems to be the topic du jour for Canadian DB pension plans. But not all pension funds need to take risk off the table—and for those that do, the options are several, no matter what size they are.
Canadian DB plans have de-risking on their mind, with most sponsors considering plan design changes, rather than annuity purchases.
More than one-third of closed DB plans in North America are considering or are very likely to carry out a pension risk transfer transaction this year, according to a survey.
Is 2014 the dawn of a new era in pension plan de-risking?