Nearly All Plan Sponsors with De-Risking Goals Intend to Completely Divest Their Company’s Pension Liabilities in the Future, MetLife Poll Finds - Seite 2

Considerations When Selecting an Insurer

The findings of the Poll also highlight the importance of stability and financial strength in the eyes of plan sponsors. When asked to rank the most important consideration when selecting an insurer for an annuity buyout transaction, 33% of plan sponsors selected financial strength of the insurer as the most important. This was followed by the price/cost of the annuity buyout transaction (23%), brand/reputation (22%) and administrative experience of the insurer (18%).

“It’s important for plan sponsors to look for a strong partner when pursuing a pension risk transfer,” said Moore. “Plan sponsors should look to partner with an insurer that has been in the business a long time, has demonstrated the ability to seamlessly onboard large blocks of participants, and has proven that they can weather volatile economic environments and still remain strong.”

A Century of Pensions Expertise

MetLife, through Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, is a market leader in the pension risk transfer industry, managing benefit payments of approximately $3 billion a year for about 780,000 annuitants.

In 2021, MetLife is celebrating the 100^th anniversary of being the first insurer, through Metropolitan Life Insurance Company, to develop and offer a group annuity contract to fund a DB pension plan, paving the way for today’s PRT activity.

About the Poll

The MetLife 2021 Pension Risk Transfer Poll was fielded between July 12 and July 20, 2021. MetLife commissioned MMR Research Associates, Inc.² to conduct the online survey. There were 253 defined benefit (DB) plan sponsors who participated in the survey, including nearly seven in 10 (68%) who reported DB plan assets of $500 million or more. Only those plan sponsors with de-risking plans involving pension risk transfer were able to participate in the research. To read the full MetLife 2021 Pension Risk Transfer Poll report, visit http://www.metlife.com/prtpoll2021.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

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¹ FORTUNE 500 is a registered trademark of the FORTUNE magazine division of Time Inc.
² MMR Research Associates, Inc. is not affiliated with MetLife.

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