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...Making flexible withdrawals from your pension pot — or drawdown — remains the most popular retirement income option, according to new data from the Financial Conduct Authority....
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...Furthermore, the Department for Work and Pensions will extend the Pension Protection Fund’s mandate to become a public sector consolidator of schemes that are too small for cost-efficient buyouts....
...New regulations to limit excessive leverage by pension funds in the wake of the autumn 2022 gilts crisis have also spurred demand for corporate bonds....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...The remaining 75 per cent of your money can be drawn directly or used to buy an annuity. Hamlet has three Sipps....
...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...
...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....
...Some analysts think there could be scope for the new CEO to announce a share buy-back but others think the group is still more likely to put capital to work in extra bulk annuity deals....
...Now she’s 64 — though eternally youthful — and has a new movie out, she is old enough to worry about whether to buy an annuity....
...That’s the opposite of a “crystallised” pension fund that has an annuity, a drawdown scheme or has had a tax-free lump sum withdrawn from it....
...But ‘pension hedging’ also refers to bulk-purchase annuity insurers....
...Some of the biggest platforms offer bonuses to new customers bringing in funds and existing customers who add to their investments....
...New Financial estimates that the average cost of a DB scheme is 60bp of assets per annum....
...Guaranteed capped annual inflation increases, coupled with much lower low real interest rates of the last 25 years, fundamentally changed DB pensions from “with-profits” to annuities....
...The annuity which can now be bought with a DC pension pot has increased by a half in the past 18 months....
...For the PE shop, the crucial thing is that an insurance subsidiary gives them direct access to retail investors’ capital, which normally they are only allowed to access indirectly, through big pension funds...
...diversified asset portfolio to back their new pension contracts....
...At the very least, as a new report from New Financial argues, the UK should commit to a rapid increase in pension contributions; urgently review how to shift the risk-averse regulatory and cultural mindset...
...Rising interest rates have lifted the funding levels of pension funds across the country and put many more in a position where they can do a deal with an insurer....
...When rates went up, pension funds saw the stock market go up and rates go up. A lot of pension funds had not been fully funded....
...That makes a buyout a more realistic option for hundreds of pension funds....
...Job moves Lazard has hired Ali Syed from Citigroup to work on sovereign wealth and pension funds in the Middle East, Asia and North America, according to people familiar with the matter....
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