de-risking – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. pension risk transfer sales premium increased 53% in Q4 2023: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/u-s-pension-risk-transfer-sales-premium-increased-53-in-q4-2023-report/ Fri, 05 Apr 2024 13:00:37 +0000 https://www.benefitscanada.com/?p=153928 The total premium of U.S. pension risk transfer sales reached US$12.7 billion in the fourth quarter of 2023, a 53 per cent increase from the same period in 2022, according to a report by LIMRA. It found that pension risk transfer sales totalled $45.8 billion in 2023, down 13 per cent from 2022. There were […]

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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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]]> Ford Canada transferring $923 million in pension liabilities via group annuity buyout https://www.benefitscanada.com/pensions/defined-benefit-pensions/ford-canada-transferring-923-million-in-pension-liabilities-via-group-annuity-buyout/ Thu, 22 Feb 2024 14:00:04 +0000 https://www.benefitscanada.com/?p=152217 Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance Co. of Canada and Desjardins Group will assume responsibility for making pension payments to 2,700 of the plan’s members, who retired on or prior to June 1, 2021. Read: GM Canada […]

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]]> Competitive pension risk transfer costs declined from 101.8% to 100.5% in December: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/competitive-pension-risk-transfer-costs-declined-from-101-8-to-100-5-in-december-report/ Thu, 15 Feb 2024 14:00:06 +0000 https://www.benefitscanada.com/?p=151954 The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 101.8 per cent of a plan’s accounting liabilities in November to 100.5 per cent of those liabilities in December, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and […]

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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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]]> Half of global institutional investors believe recession is inevitable: survey https://www.benefitscanada.com/canadian-investment-review/emerging-global-markets-canadian-investment-review/half-of-global-institutional-investors-believe-recession-is-inevitable-survey/ Thu, 07 Dec 2023 16:00:44 +0000 https://www.benefitscanada.com/?p=148410 About half (51 per cent) of global institutional investors believe a recession is inevitable, a sentiment that runs strongest in the U.K. (67 per cent) and North America (62 per cent), according to Natixis Investment Managers’ 2024 outlook survey. The survey, which polled 500 institutional investors in 27 countries, also found among those expecting a […]

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]]> Competitive pension risk transfer costs increase from 101.1% to 101.9% in October: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/competitive-pension-risk-transfer-costs-increase-from-101-1-to-101-9-in-october-report/ Wed, 22 Nov 2023 20:00:25 +0000 https://www.benefitscanada.com/?p=147539 The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.1 per cent of a plan’s accounting liabilities in September to 101.9 per cent of those liabilities in October, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity […]

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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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]]> Competitive pension risk transfer costs climb from 100.2% to 100.5% in August: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/competitive-pension-risk-transfer-costs-climb-from-100-2-to-100-5-in-august-report/ Thu, 28 Sep 2023 14:30:56 +0000 https://www.benefitscanada.com/?p=144179 The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.2 per cent of a plan’s accounting liabilities to 100.5 per cent of those liabilities in August, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity purchase composite […]

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]]> 37% of U.S. employers say attraction, retention is No. 1 reason to offer non-qualified retirement plans: survey https://www.benefitscanada.com/pensions/retirement/37-of-u-s-employers-say-attraction-retention-is-no-1-reason-to-offer-non-qualified-retirement-plans-survey/ Thu, 17 Aug 2023 13:00:04 +0000 https://www.benefitscanada.com/?p=142295 More than a third (37 per cent) of U.S. employers that offer a non-qualified retirement plan say attraction and retention of key talent is their No. 1 reason for offering these plans, according to a new survey by WTW. The survey, which polled around 400 employers representing more than 7.5 million employees, found more than […]

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