Hints and tips:
Related Special Reports
...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...Pete Cowell, head of annuity products at Standard Life, says 65 is the average age of purchase. “There’s not a huge trend to later life annuitisation but it is creeping up.”...
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...In 2019 Standard Life was fined £30mn for mis-selling annuities to customers over the phone between 2008 and 2016....
...capital, it’s possible to buy a purchased life annuity (PLA) using a cash lump sum....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Here he speaks with HTSI editor Jo Ellison about Sha’s roots in Alicante, Spain, scaling up with new openings in Mexico and Abu Dhabi, and life on the longevity frontier. Can 100 be the new 80?...
...and bulk annuity sales....
...Among new details of his long-standing double life is that Marsalek subsequently took shelter in Moscow having adopted the identity of an orthodox priest....
...In particular, it has pioneered the practice of creative debt investing using life insurance premiums as a base....
...But it loves the section that includes $59bn of retirement annuities. It has its own ideas on deploying these....
...Asset managers Schroders and ICG have received £250mn in government funding to launch new funds for UK life sciences and technology companies, the government said.The so-called long-term investment for technology...
...But “the clock is not running out”, said Jack Wallace from Guggenheim Securities....
...Blackstone has said it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for mergers and acquisitions comes back to life...
...The company said the deal would “unlock new audiences and revenue streams”....
...So it’s perhaps no surprise that insurance companies are reporting much bigger sales of annuities....
...Chinese superapps began earlier and are far more embedded into the fabric of daily life, wrapping in messaging, finance, shopping, gaming and almost anything else....
...Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Sea Life said: “The welfare of all the animals is of paramount importance to us at Sea Life and we are committed to delivering the highest levels of care through our team of dedicated welfare experts, both...
...Savings products contribute the majority of sales in Hong Kong, the company said on Wednesday....
...“The bigger question is, ‘What do you want to do within your life?’” Hearne says. “Money is a tool, ultimately, because it allows someone to unlock their life.”...
...You feel like this is the place to go, a whole world you can step right into,” says Barbara Guggenheim, founder of the US art consultancy Guggenheim, Asher Associates....
...Many people in their mid-life years may receive a financial windfall through the death of a parent. But there are emotional and practical issues around managing a legacy....
International Edition