U.S. pension risk-transfer market continues to grow: Report

The U.S. pension risk-transfer market showed no sign of slowing in the third quarter of 2022, as market activity continues to reach new levels, reports Plansponsor. The year’s first quarter saw $5.3 billion in sales split about evenly between single premium buy-ins and buyouts, according to data from financial industry research organization LIMRA. There were no buy-in contracts sold in Q2, but single premium buyout sales totaled $12.3 billion, an increase of 148% from 2021, LIMRA found.