Sales on pension de-risking deals totaled $14.4 billion in 2015, a 54 percent increase from the previous year, according to LIMRA's Secure Retirement Institute's U.S. Quarterly Group Annuity Risk Transfer Survey.
While five deals transferring at least $1 billion in pension obligations were inked in 2015, the year was marked by the prevalence smaller deals.
More than 300 deals were made for less than $100 million in pension transfers, according to LIMRA.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
