Rising interest rates have boosted corporate pensions, but they may not prove so kind to companies and their pension costs.
Tag: pensions
New York State Regulator Investigating Pension Transfer Deals, Subpoenaed Four Insurance Brokers
New York state’s financial regulator has subpoenaed four insurance brokers as part of a broad investigation into an industry in which life insurers take over corporate pension plans from companies that want to offload them, according to two people familiar with the matter. At issue is whether brokers, who help put such deals together, solicited… Continue reading New York State Regulator Investigating Pension Transfer Deals, Subpoenaed Four Insurance Brokers
Alliant Forms Strategic Partnership with PSP Investments
Alliant Insurance Services, one of the nation’s largest independent insurance brokerage firms, has announced that the Public Sector Pension Investment Board (PSP Investments) is making an investment in the firm. The investment by the Canadian pension investment manager is joined by an additional investment from funds managed by Stone Point Capital LLC. Following the transaction,… Continue reading Alliant Forms Strategic Partnership with PSP Investments
Funded Status of Largest U.S. Corporate Pension Plans Slipped in 2018: Willis Towers Watson
The funded status of the nation’s largest corporate pension plans slipped at the end of 2018 as a sharp decline in the stock market during the fourth quarter offset what looked to be a second consecutive year of improved funding, according to an analysis by Willis Towers Watson, a leading global advisory, broking and solutions… Continue reading Funded Status of Largest U.S. Corporate Pension Plans Slipped in 2018: Willis Towers Watson