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...able to redeem funds, subject to penalties....
...Last November, Warrington council’s audit committee was told that the fund was expected to provide a 6-8 per cent annual return....
...Lloyds Banking Group said it had closed the accounts of about 0.6 per cent of its SME customer base in 2023, mainly because of financial crime concerns....
...British players who are focused on equities have also had to contend with the fallout from a multi-decade shift by UK pension funds away from holding shares in their local market, which deprived domestic...
...If you wait for the perfect moment, when pension fund values are high and annuity rates are peaking, it may never happen....
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...Legal & General’s latest standard annuity rate is 6.45 per cent, 30 per cent higher than it was in April 2022. But annuity sales fell by a shock 14 per cent....
...This proportion falls to 6 per cent over 10 years....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...It pairs a “target date” fund, which lets workers pick when they want to retire and automatically invests their contributions in a changing combination of stocks and bonds, with an optional annuity that...
...The company was founded in 1921 by ironworker Shozaburo Shimano in the industrial city of Sakai, just south of Osaka....
...As well as all the other truly excellent writing in this edition of FT Weekend, please may I exhort Andy Haldane (“How to stop local government becoming a Greek tragedy”, Opinion, April 6) to progress his...
...As a low-risk alternative, he suggests using money market or gilt funds within your pension. 5....
...“We do believe that there has been a pattern of behaviour that falls below the standards expected of MPs and individuals looking after donations to local campaign funds,” it added....
...Companies looking to do these so-called bulk annuity deals need to make the assets as attractive as possible to potential buyers....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...Analysts expect quarterly recorded-music revenues up 6 per cent year-on-year to €2bn, of which about €1.1bn will come from paid streaming services....
...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....
...Annuities such as those offered by A-Cap are typically backed by low risk investments in liquid securities, because policyholders are often able to redeem funds, subject to penalties....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...But despite an end-of-year rally, L&G’s shares are down about 6 per cent over the past three years, against growth in the FTSE 100 of around 16 per cent....
...Although it typically handles $6.5tn a day, it nets down outstanding payments so only around $65bn a day changes hands....
...In the week immediately after the Hamas attacks of October 7, gold prices leapt 6 per cent. But this, too, is not dispositive....
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