Corby Spirit and Wine Ltd. and Hiram Walker & Sons Ltd. are de-risking with a $176-million group annuity buy-in amidst volatile markets caused by the coronavirus pandemic. The deal covers 750 retirees and beneficiaries and there will be no change for plan members, who will continue to be paid from the plan as before the […]
Pension investments are a key component of ensuring secure benefits for plan members upon their retirement. To celebrate the plan sponsors and pension investors who work hard to ensure strong investment outcomes, the first-ever Pension Leadership Awards will recognize winners across several categories. The Defined Contribution Investment Innovation Award will go to a DC pension […]
The pension industry is at a turning point, with the asset value of defined contribution plans growing, while defined benefit plans are shrinking. “In a decade’s time, you will have a situation where DC will be almost $50 trillion in size, but DB will be $10 trillion in size and there will be big changes […]
The Halifax Port ILA/HEA has found a way to provide its defined contribution pension plan members with a defined benefit upon retirement — and it’s been doing so successfully for 35 years. As a private sector multi-employer plan, the pension has about 450 active members, 300 retirees and about $210 million in assets. The DB […]
The Saskatchewan Pension Plan is improving investment choice for members in the accumulation phase and introducing new options to help them through decumulation as well. Leading up to retirement, SPP members are defaulted into a balanced fund, which has been in place since the plan started in 1986. In 2010, it introduced a short-term fund, […]
While 2018 was a strong year for de-risking among U.S. defined benefit plans sponsors, a significant portion of the more than $3 trillion in DB plan liabilities that have yet to be de-risked are expected to go through the risk transfer pipeline over the next 10 years, according to MetLife’s 2019 pension risk transfer poll. The poll […]
Many defined benefit plans’ funded statuses are in relatively good territory, but with an uncertain investment atmosphere on the horizon, is now a good time for plans to consider taking risk off the table by purchasing an annuity? And for plans looking to de-risk in the future, what are the considerations from an investment perspective? […]
Private debt touted as a de-risking alternative to annuities.
New DB pension proposals in Quebec, Ontario tackle annuity purchases.
Panel discussion on the challenges and benefits of annuities.