Companies That: Buy Pensions

: Frequently involved in multi-billion dollar "lift-outs" where they take over a specific group of retirees from a corporate plan.

: Private equity-backed insurers like Athene have aggressively entered the market, often moving risks to specialized balance sheets.

: Specializes in bulk annuities, such as the £2.2 billion buyout of the Metal Box pension scheme. Companies That Recently "Sold" or Offered Buyouts companies that buy pensions

: A major global player that issues individual policies to members in exchange for a premium from the pension scheme.

Many large corporations have offloaded their pension obligations to the insurers above or offered cash to employees to exit the plan. Companies that are offering lump-sum pension buyouts Companies That Recently "Sold" or Offered Buyouts :

Insurance companies are the primary "buyers" of these liabilities. They take the assets and promise to pay retirees for life.

When companies "buy" pensions, they are usually engaging in a . This happens in two ways: your employer pays an insurance company to take over the responsibility of your future payments, or they offer you a one-time lump-sum buyout to leave the plan. Major Companies That Buy or Manage Pension Risk They take the assets and promise to pay retirees for life

: The largest manager of PRT assets, having handled over $110 billion in transactions since 2012.