Hints and tips:
...Over the past two decades, holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent, while holdings of fixed income have surged...
...Life expectancy in high-income countries is expected to continue to rise, and their populations to become ever richer....
...The market is dominated by insurers such as Aviva, Canada Life and Legal & General....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...Fidelity’s Special Situations fund has targeted UK life insurers, seeing growth potential in the bulk annuities market as companies buy out defined benefit pension schemes....
...What worries me is the lack of competition on the open market, with only a handful of insurers offering quotes, including Scottish Widows, L&G, Aviva and Canada Life....
...A trailing dividend yield of 8 per cent for L&G is in line with peers Aviva and Phoenix. Investors worry about asset quality in bond and real estate portfolios....
...Bulk annuity deals are also an increasingly important source of revenue growth for listed insurers such as Phoenix Group, Aviva and Legal & General, who compete with privately owned groups such as PIC and...
...Bulk annuity deals are also an increasingly important source of revenue growth for listed insurers such as Phoenix Group, Aviva and Legal & General, who compete with privately owned groups like PIC and Rothesay...
...Shares in life insurance companies have fallen sharply since the UK’s mini-Budget last Friday, with Legal & General down 16 per cent, Phoenix down 14 per cent and Aviva down 12 per cent....
...Rothesay operates in the so-called bulk annuity market, where companies pay insurers to take over their corporate pension liabilities and the assets backing them....
...Customers and shareholders of the UK’s big life insurers such as Aviva and Legal & General should benefit when rules are phased in over the coming years....
...Once she completes the latest disposals, Aviva will be only 22 per cent weighted towards non-life. Reinvested proceeds may go towards further annuity acquisitions....
...You may be familiar with household names such as Scottish Widows, Aviva and Standard Life, some of whom have been selling pensions for more than a century....
...The London-listed company has now said it will offload the remainder of its Italian operations for €873m in cash, selling Aviva Italy’s life insurance business to France’s CNP Assurances and its general...
...It said that new life insurance business sales in the UK and Ireland rose 40 per cent to £9.2bn because of large bulk annuity deals, in which Aviva takes on corporate pension schemes....
...Three decades on, he saw that baby boomers were entering a new life stage. Broad’s company spun off its housebuilding unit, renamed itself SunAmerica and focused on selling retirement annuities....
...Some of the UK’s biggest listed life insurance companies, including Legal & General, Aviva and Phoenix, are active in the market as are private competitors such as Pension Insurance Corporation and Rothesay...
...Earnings reports At Aviva, new life insurance business sales in the UK and Ireland will be in the spotlight, after rising 40 per cent to £9.2bn because of large bulk annuity deals during the past quarter...
...Athene has previously taken discarded units from the likes of Voya Financial and Aviva....
...This appears higher than other UK life insurers (c2-3%) but Aviva’s % includes the oil majors and AA-rated retail so is probably similar....
...Fortunately, however, you are a life insurance company. The regulatory regime is different. Granted, you still have to mark down the bond’s value....
...“I don’t think it’s a V-recovery,” he says. “An elongated U is perfectly possible. I’m a conservative. I plan for the worst and hope for better....
...Andy Briggs, the former head of Friends Life and Aviva UK, is to become chief executive of Phoenix, replacing Clive Bannister who has led the FTSE 100 life insurer for the past eight years....
...of companies face bankruptcy amid unprecedented global lockdowns and travel bans....
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