Towers Watson has completed more than $1bn (£0.6bn) in transactions involving multinationals using their in-house insurance companies to fund pensions, the consultancy said.
The move involves using an outside insurance company to meet the benefit obligations of a defined benefit plan. The insurance company then reinsures the policy to the company's captive insurer - it...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
