Nevin & Fred: Pondering Participant Data Protocols and PRTs

American Retirement Association [ARA]

As interest rates rise, so has interest in pension risk transfers (PRTs) — and litigation. Nevin & Fred take a look at what’s underlying (and undermining) that focus, as well as a new suit alleging aggressive participant marketing.

Pension risk transfer is an aptly named process undertaken by an organization that wants to transfer its pension obligations to another entity, typically an insurance company. The process itself is a fiduciary decision requiring careful consideration of the entity to which those obligations are transferred — and therein lies the basis of a recent spate of litigation regarding those choices (and during a period of time in which PRT volumes have been setting records). 

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