Hints and tips:
Related Special Reports
...Royal London, the life insurer which had its own role in the events at LV, earlier this month said it would enter the corporate pensions market, where companies offload their defined benefit pension schemes...
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...Pimco said in the filing that the conversion would benefit the fund’s shareholders, pointing to a potential reduction in costs, including no 12b-1 fees, sales charges and “other potential benefits”....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Private health sales rose 41 per cent in 2023, as Aviva continued to benefit from strains on public healthcare. Premiums from its general insurance division, which includes car insurance, also grew....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
...Cboe Global Markets has asked the Securities and Exchange Commission to allow companies to list exchange traded fund shares of their existing US mutual funds, a rule change sought by several large asset...
...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 —...
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...While recognising the hurdles, people familiar with Nationwide’s approach say that its mutual status affords it greater time to pull off the integration than if it were a listed company beholden to shareholders...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Mutual funds got another boost in the 1980s, as big companies started shifting away from defined benefit pensions....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Dressing this up in strategic status, a non-existent designation with unclear benefits, just feels a little cuckoo. alan.livsey@ft.com...
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...“The benefits are certainly of interest to asset managers, but the SEC, I think, will take a very cautious approach in terms of approval,” said Tim Huver, managing director on the US ETF services team at...
...Councillors are closely connected “stakeholders”, committed to mutual support, and jettison jargon in favour of a serious commitment to work together for mutual benefit....
International Edition