Hints and tips:
...One industry veteran noted that banks withdrawing from business lending in response to tougher capital rules since the financial crisis was a central factor in the convergence of private assets and insurance...
...A final explanation is a structural change in central bank demand for gold....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...Bermuda itself is central to Athene’s strategy and its original home before merging with US-based Apollo. Of its $24bn in total equity capital, $18bn is stationed in Bermuda entities....
...“It’s one of the few really growing markets in the UK finance sector,” says James Carter, a bond fund manager at Waverton, which bought into bulk annuity providers’ debt earlier this year....
...I think the thing that we can do is we can sit down with institutional clients and with sovereign wealth, same with pension funds and annuities....
...“If you were going to buy an annuity, while the value of your pot will have decreased, rising interest rates means annuity rates have improved [by more than 35 per cent in the past year],” said Sir Steve...
...While the S&P 500 index tracks the biggest listed American companies, Apollo’s AAA is to be backed by nearly 200 investments made by Apollo’s retirement annuities merchant, Athene....
...If they do, and they have a low-cost fund manager, and they know they will die at average life expectancy, they will have an income in retirement much higher than the annuity....
...US-based private capital group Apollo Global’s Athene annuities business purchased $1.1bn in highly rated collateralised loan obligation funds sold by UK pension funds during a weeklong liquidity crisis...
...Second, by going slow in their assault on inflation the central banks have further undermined the real value of already low annuity incomes....
...Insurance companies and pension funds can use these bonds to hedge their annuity and pension liabilities. Their tax treatment is the same as for other government bonds....
...But as financial markets enter another troubled moment amid the war in Ukraine and central bank tightening, the ties between firms will be tested again....
...One would be to do more deals in the fast-growing bulk annuity market, where insurers take on the assets and liabilities of a group pension fund....
...The CDC fund can also provide pensions until death, again backed by its portfolio returns and the inflow of new contributions....
...On the coronavirus-related shift to homeworking, Wilson said the numbers returning to work at L&G’s offices in central London had not picked up as much as anticipated....
...Athene’s lawyers have insisted that Central Laborers ask to have their lawsuit put on hold, although in a letter to New York judge Peter Sherwood, the pension fund sought to resist that demand....
...The Massachusetts Laborers Annuity Fund, a Cigna shareholder, seized on the Chancery ruling on the termination fee....
...Athene was its central support....
...Paul Brine Independent Pension Fund TrusteeShrewsbury, Shropshire, UK...
...Rising unemployment and lower expectations of future earnings are the immediate problem, but since the financial crisis, big doses of central bank stimulus have pushed up asset prices, making owning your...
...But since the assumption was that the Fed would continue to suppress volatility, the strategy was like an annuity. Until coronavirus....
...One test will be what the Pennsylvania Public School Employees’ Retirement System, a big US public pension fund, decides....
...“There is a risk that more pensioners may not have the chance of greater security enjoyed by those with annuities, backed by insurance regulation,” the central bank said....
...US annuities specialist Prudential Financial, and insurers MetLife and Allianz are also reporting this week....
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