- Society of Actuaries names president-elect
The Society of Actuaries has elected Jeremy J. Brown, the former chief actuary of Mutual of America Life Insurance Co., as its 2015-2016 president-elect.
- Kraft Heinz to shift some retirees to private exchange
The Kraft Heinz Co. will stop offering employer-sponsored health coverage to some of its retirees at the end of this year.
- Professional liability division serves securities broker-dealers
Pioneer Underwriting Ltd. said Thursday that it has launched a professional liability underwriting capability for securities broker-dealers.
- Final PBGC rule eases employer reporting requirements
A final Pension Benefit Guaranty Corp. rule will reduce reporting requirements for more than 90% of plan sponsors, the agency said Thursday.
- Large pharmaceutical firm transferring pension liabilities to MetLife
In the latest corporate move to reduce pension liability risk, West Pharmaceutical Services Inc. on Thursday said it is buying a group annuity contract to provide pension benefits to about 1,750 retirees and surviving beneficiaries.
- Aegon says reviewing U.K. annuities business
(Reuters) — Dutch insurer Aegon N.V. said it was reviewing its U.K. annuities business after British pension reform has led to a halving in annuity sales.
- IRS finalizes pension contribution credit balance rules
Defined benefit plan sponsors may make standing elections instead of quarterly calculations and filings to apply credit balances toward quarterly contribution installments, under final rules published Wednesday by the IRS.
- 3M exploring sale or spinoff of health software unit
(Reuters) — U.S. diversified manufacturer 3M Co. said on Thursday it was exploring a sale or spinoff of its healthcare data and software business.
- Express Scripts CEO George Paz to retire in May
(Reuters) — Pharmacy benefit manager Express Scripts Holding Co. said Chief Executive George Paz will retire in May and President Tim Wentworth will succeed him.