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Pension Risk Transfer Buyout Sales Top $8.2 Billion in Q2

LIMRA expects market will exceed $23 billion for 2018.

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Sponsors of defined-benefit pension plans purchased US$8.2 billion of single premium pension buy-out annuities in the second quarter of 2018, the most active second quarter for the pension risk transfer products over the past 15 years, according to the LIMRA Secure Retirement Institute’s quarterly U.S. Group Annuity Risk Transfer Survey.

It was also the second most active quarter since 2012. In December of 2017, plan sponsors purchased $11.1 billion in risk transfer annuities.

Year to date, total sales are $9.6 billion. LIMRA expects sales in 2018 to eclipse $23 billion.

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