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...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.”...
...Public relations group Brunswick has turned to an outsider to fuel its international growth, hiring the chief of New York’s Lincoln Center for the Performing Arts as its next boss....
...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....
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...Written by and starring Richard Gadd, the seven-part drama is based on the Scot’s one-man stage show inspired by a disturbing real-life ordeal....
...Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers — providers of annuities and other products...
...and bulk annuity sales....
...But it loves the section that includes $59bn of retirement annuities. It has its own ideas on deploying these....
...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....
...Providers operating in that market offer higher rates than normal annuities because of shorter average life expectancy....
...Traditional sales via distributors and other wholesalers were just 17 per cent. (Exports represented a mere two per cent.)...
Slack may have lost its lustre but messaging in the workplace isn’t going anywhere
...If you have doubts whether they are worth a go, sow a few in a saucer on damp tissue covered with cling film and see whether a worthwhile percentage spring into life....
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
People who progress with little regard for colleagues are likely to hit a ceiling
...The once moribund annuity market has perked up on the back of vastly improved offered rates. Bulk annuity transfer deals have also boomed....
...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....
...Where the weirdness is perhaps more of an issue is in how a ministry plays off with the parish system: on one level it’s true that any cleric with an area of interest beyond the patterns of parish life necessarily...
...Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Rothesay Life for deals....
...If you’ve been under a rock, here’s the latest via the Borg: Lyft Inc....
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
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