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...Until recently, the only way most 401k participants could get such income was to leave their 401k plan and buy an annuity from an insurer....
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...Rising interest rates have boosted these plans’ funding levels to their highest in more than a decade....
...of retirement remaining....
...The Iowa-based company is among the largest sellers of retirement annuities, a status that made it the target of a hostile bid made jointly by Apollo Global Management and MassMutual not long after Bhalla...
...Older defined contribution schemes could have had guaranteed annuity rates, so members might have aimed to use all of their fund to secure the greatest income....
...The proposals come after the funding positions of defined benefit retirement plans have improved significantly over the past 18 months due to rising interest rates making it cheaper for the schemes to meet...
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...The remaining 75 per cent of the pot can then be moved to a drawdown plan, used to buy an annuity or taken as cash....
...Should my husband buy an annuity? My husband has an adequate pension fund invested in very low-risk equities. He is 73, very healthy, and has no immediate plans to retire....
...Before then, they mostly had to buy annuities. Bond-heavy annuity funds hedged that liability as retirement approached....
...The remaining 75 per cent of your money can be drawn directly or used to buy an annuity. Hamlet has three Sipps....
...If you find your health declining later in retirement, you might be able to get an “enhanced” annuity....
...L&G has “so far failed to emulate its domestic success abroad”, said the top-30 shareholder, citing plans to expand the asset management arm into Europe and Asia, among other drives....
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...In a speech in April, the Bank of England’s executive director for insurance supervision, Charlotte Gerken, cautioned that the “structural shift” in the provision of retirement income gave insurers “an increasingly...
...Some savers aged over 55 might have been looking to their retirement savings to cope with the escalating costs of living....
...It will be impossible to make changes that are “fair” to everybody, but the uncertainty over future policy is making it much harder for individuals to plan their retirement strategy....
...Guaranteed capped annual inflation increases, coupled with much lower low real interest rates of the last 25 years, fundamentally changed DB pensions from “with-profits” to annuities....
...Here’s what we know about Citi’s plans for China....
...Do you need to rescue your retirement? New research suggests the likely answer is yes. If your retirement plans feel like an absolute mess, you’re far from alone....
...Long before that, medical papyri show that the ancient Egyptians were working on an elixir of eternal youth (mummification was merely Plan B)....
...Most retirement plans allow you to do it yourself, right? They’ll just be building blocks and you can do it. Or retirement plans also have what I would call like, an all-in-one solution....
...Steven Meier, chief investment officer for the $250bn New York City Retirement Systems, one of the largest pension schemes in the US, says it is planning to cut back investments in equity markets, in the...
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