Understanding PRT 2022 | 2 March 2022 | Online

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.

2022 Speakers

Brian Carlson
Partner, Senior Consultant, Fiducient Advisors

Mike Clark
Senior Actuary, Principal Retirement and Income Solutions

Michael Devlin
Principal, BCG Pension Risk Consultants

Brent Hartman
Investment Strategist, CAPTRUST

Sumit Kundu
Senior Actuary, Principal Retirement and Income Solutions

Tim Lewis
Senior Actuary and Director of Pension Risk Transfer, Principal Retirement and Income Solutions

Joe McCarty
Vice President, Principal Retirement and Income Solutions

M M
MetLife

Glenn O'Brien
Managing Director, Head of U.S. Market, Prudential

Mark Paracer
Assistant Research Director and Head of PRT sales studies, Secure Retirement Institute

Kate Pizzi
Partner, Senior Consultant, Fiducient Advisors

Tom Sablak
Principal, Wealth Practice, Buck

George W. Schein
Technical Director, Advanced Consulting Group, Nationwide

Geroge Sepsakos
Principal, Groom Law Group, Chartered

James Stenstrom
Director, Asset/Liability, CAPTRUST

Bill Tremko
President and CEO, USI Consulting Group

Amanda Wilson
Head of U.S. Institutional Sales and Relationship Management, Principal Global Investors

Evan W. “Bill” Woollacott, Jr.
Vice President of Actuarial Services, Hooker & Holcombe

2022 Sponsors

• Nationwide
• Principal
• Prudential