Check out the latest Spotlight Series Q&A from BCG Pension Risk Consultants featuring Sterling Perkinson, Partner and Co‑lead of our Employment Benefits and Tax team

In this piece, Sterling discusses fiduciary considerations for selecting annuity providers for pension plan terminations or buy-out transactions. The discussion includes developments from recent PRT litigation, the response from the Department of Labor, and the implications for plan sponsors and fiduciaries. 

The heightened focus on fiduciary governance in today’s U.S. PRT market also provides timely context for this month’s discussion with Sterling. Recent litigation, evolving Department of Labor expectations, and the increasing scrutiny applied to annuity provider selection have reshaped the landscape for plan sponsors and fiduciaries. Many of the themes highlighted in this Q&A — prudent process, documentation standards, and the implications of emerging case law — feature prominently in the broader conversation around pension risk transfer governance and the responsibilities facing today’s plan sponsors.

Read it here.