Irish Examiner on MSN1d
Pension 'loophole' allowed employers to transfer millions into funds for family members, review finds
Revenue analysis of suspected misuse of the PRSA scheme found that in 2023, 125 companies had moved at least €100,000 into ...
Benefits Pro1d
Verizon sued over $5.9B pension risk transfer deal with Prudential by ex-employees
Ex-employees are suing Verizon as well as State Street Global Advisors, which served as the “independent fiduciary” in ...
U.S. companies with potential pension risk transfer restructuring opportunities
U.S. corporate pension plans are estimated to be 100% funded for the first time since the Great Financial Crisis. In 2024, ...
Insurancenewsnet.com5d
Ex-employees sue Verizon over pension transfer deal with Prudential, RGA
A group of ex-Verizon employees filed the latest lawsuit challenging the efficacy of insurance companies managing pension ...
napa-net5d
State Street, Pru Targeted in New Pension Risk Transfer Suit
Another national employer has been sued for its decision to transfer its pension obligations to an insurance company — but a different one than had been challenged in suits thus far.
PensionsAge2d
TPO orders employer to pay outstanding pension contributions
The Pensions Ombudsman (TPO) has upheld a complaint against Digital Express Limited for failing to pay contributions to a ...
InvestmentNews5d
Verizon, State Street sued over pension-risk transfer to Prudential, RGA
A $5.9 billion pension liabilities transfer Verizon made last year to Prudential and RGA is at the center of the latest ...
Benefits Pro20d
Another pension plan risk transfer lawsuit: Lumber firm sued over its $1.5B transfer to Athene Annuity
Credit: JHVEPhoto/Adobe Stock In the last year, there has been a surge of employer pension risk transfer (PRT) lawsuits, and now Seattle-based wood product manufacturer Weyerhaeuser Co. is being ...