Pension Risk Transfer
Are you a plan sponsor or consultant searching for risk management solutions to help navigate pension plans and manage the new regulatory changes?
With an ever-evolving landscape of pension plans from which to choose, you may not know which one is best suited to fulfill your business needs. Pension risk transfer solutions can be an effective pension plan alternative to help get you out from under your current pension liability. Pension risk transfer transactions could allow you to replace pension benefits paid to your pension participants with annuity payments from an insurer.
Promises … They’re what your business is built on.
One of those promises may be a pension plan for your employees.
A retirement promise to the people who helped build your business.
But times have changed. Economics may make it challenging to back such financial promises.
We can help.
Pension Risk Transfer solutions may be able to lessen the burdens of a pension program on your organization … handling the administration and even the liability … so you don’t have to.
Our unique combination of a life insurance company -- and an affiliated Investment Advisor – under one roof -- gives you choices as you plan to transition and reduce your pension obligations.
The Insurance Company is Western-Southern Life Assurance Company and the affiliated investment advisor is Fort Washington Investment Advisors. Both members of the Western & Southern Financial Group. And both positioned to help you meet pension plan needs…in different ways.
Fort Washington can help by handling the investment options, providing several investment choices that seek to improve performance – during the time leading up to a Pension Risk Transfer.
Then, Western-Southern Life Assurance Company can take your plan further, executing the transaction and issuing a group annuity that would make payments to your pension participants – to let you step out of the equation – yet still honor your pension promises.
“Hi, I’m Dave DiMartino, Vice President of Institutional Markets at Western & Southern Financial Group. We collaborate with our affiliated Investment Advisor to provide pension risk transfer solutions to pension plan sponsors like you. To help you de-risk plans. And de-emphasize their effect on your business. You see, managing risk is what we does best. So your company can focus on what it does best.”
“And I’m Maribeth Rahe, President and CEO of Fort Washington Investment Advisors. Fort Washington is the affiliated Investment Advisor of Western & Southern Financial Group. We can collaborate on this endeavor to help meet your company’s pension-related investment needs. Our investment experience makes us an ideal partner to help support the financial stability of your business.”
Announcer: (WSLAC & FWIA logos on screen w/ full co. names)
An insurance company. And an investment advisor.
It’s a creative collaboration that gives pension plan sponsors like you the benefits of both worlds. Together, we can offer you alternatives. And through our insurance company, we can even replace pension payments with annuity payments in a solution called PensionAssist.® It can help reduce your pension obligation with these advantages:
Reducing the impact of plan volatility
on your company’s balance sheet
Decreasing the time you spend on plan administration
so you can focus on your core business
Eliminating the need to manage complex regulations
and participant services
PensionAssist offers a 100% guaranteed
payment stream to your participants
Promises. They’re important to us. Because they’re important to you.
Learn more about how our companies can help your company keep its pension promises to its employees.
“Contact us today…”
Maribeth: “…to help back your pension promises for tomorrow!”
Benefits of Pension Risk Transfer Solutions
Reduce or eliminate the uncertainty and impact of plan volatility on your company’s balance sheet
Free up time previously allocated to the pension plan administration and oversight, allowing you to focus more on your core business activities
Decrease your need for additional resources as the complexity of regulation increases
Improve Plan Management
Transition full-service benefit administration and services for your participants
Provide guaranteed cash flows for your participants
No longer subject to Pension Benefit Guaranty Corporation (PBGC) premiums and other administrative expenses for transferred liabilities
Our financial strength, longevity and experience with life insurance and financial services make us an ideal partner to help support the financial stability of your business. We look forward to working together.
Pension Risk Transfer allows a company to transfer their pension risk to another financial institution for handling. The PensionAssist® product is handled only by the Financial Planning department. No financial representatives are allowed to sell this product. This product is a single premium group annuity issued by Western-Southern Life Assurance Company and National Integrity Life Insurance Company.
Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except New York, where National Integrity Life Insurance Company, Greenwich, New York, operates. Both are members of Western & Southern Financial Group, Cincinnati, Ohio. Group Annuity Contract ENT-02 1406, ENT-02 1802, ENT-02 2005 NY, Group Annuity Certificate ENT-02 1406ICERT, ENT-02 1802 ICERT, ENT-02 2005 ICERT NY, Group Annuity Certificate ENT-02 1406 DCERT, ENT-02 1802 DCERT, ENT-02 2005 DCERT NY. PensionAssist® is a group annuity issued by Western-Southern Life Assurance Company and National Integrity Life Insurance Company. Amounts contributed are deposited in the general account. The underwriting risks, financial and contractual obligations and support functions associated with the annuities issued by Western-Southern Life Assurance Company and National Integrity Life Insurance Company are the issuing insurer’s responsibility. Any payment obligations or guarantees are contingent on the claims-paying ability of the insurer. Product features may vary by state. Information provided regarding products and services is not intended to take the place of any agreements governing such products or services. Western-Southern Life Assurance and National Integrity do not provide tax or legal advice. Please contact your tax or legal advisor regarding your situation. PensionAssist® is not available in AK, ME, NH and RI.
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