Understanding PRT
Presented by:
CIO / PLANADVISER / PLANSPONSOR
Why PRT? Why Now?
Pension risk transfer (PRT) transactions, where a defined-benefit (DB) pension plan sponsor offloads some or all its plan obligations to insurers or participants, via lump-sum distribution windows or annuity purchases, have grown dramatically in the past years—and that growth seems poised to continue.
An impressive-sounding $175 billion in pension assets have been shipped to insurers, to buy group annuities for the beneficiaries, according to the Secure Retirement Institute (SRI)—although this represents only 5.1% of all DB assets, according to the Investment Company Institute (ICI).
As plan sponsors of DB plans cope with longer life expectancy, increasing Pension Benefit Guaranty Corporation (PBGC) premiums, a time of increased funded status for DB plans and rising interest rates make the time right for plan sponsors to consider implementing PRT transactions.
The opportunity for plan sponsors is great, but without thoughtful preparation, offloading liabilities can be a costly and time-consuming endeavor. Whether you are currently on a timeline for transferring your DB plan risk or considering doing so, Understanding PRT: A Pension Risk Transfer Trend and Market Dialogue will provide information to help with your decisions.
Sessions (All Times EST)
Administrative and Fiduciary Considerations for PRT
3/3/22, 10:30 AM - 3/3/22, 11:30 AM
Break
3/3/22, 11:30 AM - 3/3/22, 11:45 AM
Keynote sponsored by Principal
3/3/22, 11:45 AM - 3/3/22, 12:45 PM
Lunch
3/3/22, 12:45 PM - 3/3/22, 1:45 PM
Case Study
3/3/22, 1:45 PM - 3/3/22, 2:15 PM
Break
3/3/22, 2:15 PM - 3/3/22, 2:30 PM
Full or Partial? Buy-In or Buy-Out? A Look at PRT Solutions and Costs
3/3/22, 2:30 PM - 3/3/22, 3:30 PM
Break
3/3/22, 3:30 PM - 3/3/22, 3:45 PM
Case Study
3/3/22, 3:45 PM - 3/3/22, 4:15 PM
Break
3/3/22, 4:15 PM - 3/3/22, 4:30 PM
A Checklist for Implementing a Pension Risk Transfer
3/3/22, 4:30 PM - 3/3/22, 5:30 PM
