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Rising interest rates drove a jump in pension risk transfer activity in 2022, as these transactions totaled $52 billion in premiums last year, which was the highest total in the decade Aon PLC has been tracking the information, Plansponsor reports. A total of 568 pension risk transfer transactions were made last year, with International Business Machines Corp. leading this activity by completing a $16 billion retiree lift-out in September 2022.
1. Ford sues BCBS Association alleging price fixing that drove up costs
2. Benefytt Technologies files for bankruptcy after paying fraud settlements
3. More than 60% of retirees would like a do-over on retirement planning: Survey
4. UnitedHealth revises controversial prior authorization plan for colonoscopies
5. Cyber attack on dental insurance plan compromises nearly 9 million individuals
6. Retirees sue city officials over switch to Medicare Advantage plan