IBM, dogged by complaints about changes it made to its employee pension plan in the 1990s, is planning to close the plan to new employees at the end of the year and give all new workers a 401(k) plan ...
The UK market for long-dated interest rate and inflation swaps has grown significantly since 2005, to stand at around GBP200 billion, as they become popular with pension funds trying to manage the ...
Prudential Staff Pension Scheme, Chelmsford, England, has entered into a £3.7 billion ($4.8 billion) longevity swap with Pacific Life Re. The swap is the first pension risk transfer transaction for ...
Axa U.K. Group Pension Scheme, London,has completed a £2.8 billion ($4.4 billion) longevity swap with Reinsurance Group of America for the defined benefit section of its retirement plans. The swap ...