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Improved Outcomes
Improved retirement outcomes and lower costs for employees
Pension Risk Transfer
What is Pension Risk Transfer?
As companies shift their retirement program focus to Defined Contribution (DC) offerings, plan sponsors are left with old Defined Benefit (DB) pension plans that can be volatile and difficult to manage. Pension risk transfer (PRT) is a way to shift those obligations off the company balance sheet and reduce risk by transferring the Plan’s obligation to an annuity provider. Plan sponsors can settle a subset of the population, usually retirees, in what is called a “lift-out” or the entire population through a plan termination.
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What are the Benefits of a PEP?
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Less Work
Less work for management teams
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Reduced Risk
Reduced risk for employers and fiduciaries
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Report
2023/24 Global Pension Risk Surveys
The 2023/24 Aon DB Global Pension Risk Surveys findings represent the views of those managing defined benefit pension schemes. The survey looks at the different risks that pension funds are facing, including long-term targets, managing benefits and liabilities, investment strategy and local hot topics by country.
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