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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Matthew Lagden, chief executive of the ILM, said the body “used to advise members to expect an 18-month gap between death and the receipt of a gift” but, as a result of probate problems and other hold ups...
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
...Graeme Trudgill, chief executive at the British Insurance Brokers’ Association, a trade body, said it had been working closely with the government and its members on the pledge....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...If it is to keep up with rival global centres, it is not just the members who have their work cut out. vanessa.houlder@ft.com...
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...by former members of the US armed forces....
...She is a member of the purported “Middlebury Mafia” taking over Wall Street....
...Members of the congressional homeland security committee and the select committee on China wrote to ZPMC days after the White House announced plans to boost domestic US manufacturing of “ship-to-shore” (...
...Labour MP Dame Angela Eagle, who sits on the Treasury select committee, said Reeves would find a way to plug the hole, but warned: “It’ll be an issue.”...
...White said the materials underlined the relationship between Lloyd’s and the African Company of Merchants, a key slave-trading venture, and revealed the role of several members of the governing committee...
...And despite the threat of tougher enforcement, the policies have never been cheaper, thanks to an increasing number of insurance companies entering the market....
...One person familiar with the investigation said the IS had been focused on a decision by insurance company Tokio Marine to cancel its insurance contract and efforts by Lex Greensill to get them to extend...
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...The “pot for life” proposals come alongside a broader push by the government to increase pension fund investment into areas that could help the economy, such as early-stage companies and infrastructure....
..., Scope Group, and a member of its advisory board....
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...difficulties” in evaluating Chinese companies, said Brad Sherman, co-author of the bills and ranking member of the capital markets subcommittee, part of the US House financial services committee, in a statement...
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