Tag: PRT

The district court ruled that AT&T delegated responsibility for selecting an annuity provider, potentially impacting other pension risk transfer suits.

Like several other pro-employer pension risk transfer rulings, the judge said the plaintiffs lack standing to sue as they continued...

Amicus briefs by the Department of Labor, business groups, insurers and states argue that litigation would harm the pension risk...

Former Department of Labor officials and industry groups filed briefs opposing the current DOL’s position in litigation over the pension...

The lawsuit against Verizon for terminating two defined benefit pension plans comes to an end as similar cases become less...

The Department of Labor’s amicus brief argued that participants who continue to receive their full pension benefits cannot sue over...

LIMRA found that single-premium pension risk transfer buy-in sales more than tripled to $4.3 billion in the third quarter of...

Lockheed Martin is likely to get the Department of Labor’s support in regards to the legality of a pension risk...

A judge in Pennsylvania wrote that plaintiffs lack standing to sue Allegheny Technologies over a transfer of $1.5 billion in pension...

A judge ruled that plaintiffs showed enough evidence of alleged ERISA violations resulting from the company offloading pension obligations to...

Tom Sablak and Sam Mossing will help drive and deliver cost management and de-risking consulting services for defined benefit pension...

IBM allegedly jeopardized the retirement security of more than 132,000 former workers by offloading billions of dollars in two pension...

A Massachusetts magistrate said former retirement plan participants had standing to sue AT&T and State Street Global Advisors but disregarded...

The U.S. 4th Circuit Court of Appeals received an amicus brief arguing that Lockheed Martin was allowed to transfer pension...

A Mercer survey finds CFOs are looking at plan design changes or risk transfers, in lieu of walking away from...

A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against...

Law firm Edward Stone is representing three former employers who allege Prudential and RGA group annuity contracts are not the...

Charles Lowrey will remain chairman, with Andrew Sullivan running the insurer and asset manager and Jacques Chappuis taking over as...

The telecommunications firm says allegations of fiduciary breach are misplaced and should sit with its independent fiduciary SSGA.  

Insurance carriers and asset managers skilled at pension risk transfer are reaping rewards of record transaction levels, while those specializing...