"Sponsors flocked to complete annuity purchases in the fourth quarter of 2020.... [I]nsurance company participation was limited as a result of resource constraints from the influx of market activity. This further demonstrated the need to begin the annuity purchase process as early as possible to secure insurer availability. December 2020 was a strong month for pension plans. Equity markets performed well and funding status improved. Annuity purchase prices increased slightly."  MORE >>