Browsing: 2024 – December
Transaction insures the benefits of all scheme members comprising 32 pensioner members and 22 deferred members.
The buy-in covers 853 pensioners and dependents and 3,368 deferred members.
Farsight Partners has finalised an agreement with funds managed by AB CarVal to source and advise on up to $1bn of transactions.
he last month in which universal life insurance delivered a year-on-year improvement was November last year, so there has now been a full 12-month cycle of declines.
The arrangement provides long-term protection to MNRPF against costs resulting from pensioners or their dependants living longer than expected and enhances security for MNRPF members.
The transaction secures the benefits of all 611 scheme members, comprising 416 pensioners and dependants as well as 195 deferred members.
2024 edition shows the strong net funding position of the universe of defined benefit pension schemes has remained largely stable over the past year.