LIMRA Reports 8 Out of 10 Defined Benefit Plan Sponsors Want to De-Risk

According to a press release from LIMRA Secure Retirement Institute, eight out of ten defined benefit plan sponsors are “at least somewhat interested” in pension de-risking via the purchase of a group annuity contract.  LIMRA (formerly the Life Insurance Market Research Association) reports that “favorable economic conditions and growing awareness and interest in de-risking pension liabilities will continue to spur market growth.” The sales forecast for pension risk transfers in 2019 is between $20-$25 Billion.