The U.S. pension risk transfer market has steadily expanded over the past several years. According to the Secure Retirement Institute (formerly LIMRA SRI), the number of single premium buy-out sales contracts have more than doubled over the last several years—from 217 in 2013 to 488 in 2018. With much of the growth coming from mid-sized companies, SRI expects the number of new contracts to surpass 500 by the end of 2019 with sales in the $20-$25 billion range.
In This Episode
In our latest LIMRA Unplugged episode Alison Salka, LIMRA research director, and Scott Gaul, head of Investment and Pension Solutions for Prudential Retirement, discuss current trends in the pension risk transfer market, the challenges plan sponsors face and some of the misconceptions about the time and costs needed to purchase a pension risk transfer solution.