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...The fund and its surplus is carried on the company’s balance sheet....
...Under Hunt’s proposals, the fund would take on an additional role as a consolidator of smaller DB schemes attached to healthy companies....
...A commission official said that Brussels was speaking to governments as well as financial institutions about providing “adequate insurance coverage” adding that it would help “lower the risk premium related...
...It’s not a shock that corporate debt markets are healthy right now — economic growth is rolling along and rates markets are no longer pricing in recession, reducing companies’ incentive for waiting — but...
...Experts predict hundreds of billions of pounds of liabilities will transfer from company balance sheets to insurance companies as part of a multiyear shift that will redraw the UK’s retirement landscape....
...its surplus, making it look safer than it actually is....
...As she cuts her hours to glide into retirement, she plans on using the surplus to maintain her current level of income for longer. Meanwhile the cash will stay in the company....
...One year on, bankers and investors still marvel that, for all that drama, the earth continued spinning on its axis, it was far from a Lehman Brothers moment....
...When a scheme’s corporate sponsor pays an insurance company to fully assume the obligations of the scheme they ‘buy-out’. They effectively hand over the keys and walk away....
...“Trouble is that much higher bond yields have transformed DB scheme funding, since ‘superfunds’ were first discussed, and many schemes can now go straight to an insurance company buy-out, with no need to...
...The shares, along with those of peer Tryg, have long commanded a sizeable premium over the broader European insurance sector....
...Here’s our Big Read on Tehran’s recent flexing of muscles in the Middle East and an explainer on the “Axis of Resistance” pitted against the US....
...But many US Gulf coast refineries are sharply reducing production as they upgrade their facilities and analysts say there will be less surplus diesel available for Europe....
...Although the pension scheme is thought to be in surplus, the process of concluding a deal with an insurance company, including obtaining regulatory approval, could take a long time, according to the individuals...
...If investor interest falls short, Codelouf will take surplus shares in lieu of up to 25 per cent of the loan value....
...Russia pulled out of the deal in July after complaining that, since the UN and Turkey first brokered the deal last year, western sanctions had held up a parallel agreement to allow payments, insurance and...
...As for the west, it needs to think creatively about how to extend war insurance for the swaths of the country not under threat, a critical factor in encouraging companies to commit to rebuild....
...[MUSIC PLAYING] Marc Filippino Sources tell the FT that US insurance giants Cigna and Humana are considering a merger. That deal would create an American health insurance company worth about $140bn....
...They are bound to lose out as the date of any insurance company buyout is pushed back....
...Many also claim that bonds provide insurance against the volatility of “risky” equities....
...Old problems are back, and will no doubt be celebrated as achievements: the eurozone hit a record trade surplus in January....
...Lending can also be structured to mimic the effective price-insurance provided by acquisition authorities....
...Higher interest rates have driven up the funding levels of companies’ retirement plans, with the majority now in surplus....
...But the transfer of such large savings pools from a plethora of schemes to just a handful of large insurance companies raises some significant issues....
...This means moving to a full buyout — the gold standard — transferring pensions to a properly capitalised and regulated insurance company, and like many of the best funded-schemes, BP is limbering up for...
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