The report titled “Global Pension Risk Transfer Market Outlook” by Milliman, dated November 3, 2023, provides a comprehensive analysis of the Pension Risk Transfer (PRT) markets, focusing on key territories such as the United Kingdom, the United States, the Netherlands, and Ireland. The report outlines the global landscape of Defined Benefit (DB) pension schemes and their interaction with the PRT market. It emphasizes the importance of stakeholders understanding the

Defined benefit (DB) pension plans’ inevitable demise is a long-held truth. Or is it? RBC Investor & Treasury Services in February 2018 revealed that Canadian defined benefit pension plans ended 2017 in positive territory, posting an annual return of 9.7 percent. In addition, a recent RBC Investor & Treasury Services poll of Canadian defined benefit pension plan sponsors showed their median funded status stands at 96 percent. The poll,