US. Frozen Pensions Are Sitting on Billions. Sponsors Want Access.
With billions of dollars locked in overfunded U.S. corporate pensions, the companies sponsoring these plans are actively exploring ways to unlock that capital (albeit at different rates of speed). Investment consulting giants are seeing strategies that range from funding lump-sum payouts to pursuing full plan terminations. As the average pension plan has crept into overfunded territory, Matt Maloney, a senior partner at Aon Wealth, sees sponsors taking three approaches: holding the surplus as a buffer, funding partial lift-outs or a...
