MetLife has signed an agreement to provide pension benefits to 7,045 retirees and current beneficiaries in TRW’s DB plan in a US$440-million ($511.5-million) transaction.
The Legal & General Assurance Society has bought out a portion of TRW Automotive's pension plan in the United Kingdom for £2.5 billion ($4.5 billion).
Bristol-Myers Squibb will settle US$1.4 billion in pension obligations through the purchase of a group annuity contract from The Prudential Insurance Company of America.
Lower long-term interest rates drove down the solvency of Canadian DB plans from July to September. It was the first decline in two years.
To keep their DB plans afloat, sponsors need to ensure that they’re managing the risks
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.