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...Annuities such as those offered by A-Cap’s insurers are typically backed by low-risk investments in liquid securities, to provide a safe match for their long-term promises and because policyholders are often...
...Corporate records show that Swiss-registered Paramount SA entered voluntary liquidation earlier this month. Troost founded Paramount SA in 2017....
...In January, judge Linda Chan ordered the liquidation of Evergrande’s Hong Kong entity more than two years after its 2021 default set off a wave of similar failures across its peers....
...Ellison’s Skydance, which is backed by private equity investor RedBird Capital, KKR and Tencent, has been in talks with Redstone for several months to acquire a majority stake in National Amusements (NAI...
...US financial advisers are now increasingly willing to use buffered ETFs in client portfolios, helping them to attract $10bn in net inflows in both 2022 and 2023 at the expense of the $3.3tn US annuities...
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...Investors in Evergrande’s debt have been talking to the company about various restructuring options in recent days, two people close to the talks said, aware that a formal liquidation — which could be ordered...
...However, the company warned that it “does not believe that any of these options are likely to recover any value for the company’s shareholders”. The shares fell 84 per cent in early trading in London....
...The holding company has some assets in Hong Kong, such as an electric vehicle company and a property services company, that can now be taken over, although they also in turn hold assets in the mainland....
...About 20 states have also set up defined contribution plans for workers at small companies and the self-employed....
...BP will form a joint venture in Egypt with the Abu Dhabi National Oil Company as the UK oil major looks to expand its international gas portfolio....
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...The payouts from a court-approved liquidation are hardly appealing either. Analysts anticipate a recovery rate of below 5 per cent. Evergrande has more than $300bn in liabilities....
...For the limited universe of targets, this is the moment to cash in. The Blue Owl deal is a little trickier than meets the eye. Apart from the investment manager, Kuvare also sells annuities....
...Most immediately, the liquidation process is set to highlight the sparse legal protection afforded to offshore investors in Chinese assets....
...being targeted by the liquidators of collapsed companies....
...The London-listed group said in a statement on Monday that it was now exploring a sale, liquidation, or raising financing at the subsidiary level, following an 87 per cent increase in the estimated cost...
...Advisers to international bondholders in Evergrande, the Chinese property developer that defaulted on its debts in 2021, have warned about a potential liquidation after its restructuring plan was unexpectedly...
...The company on Tuesday said it had completed two deals worth a total of £617mn, the first new annuity business it has written since 2016....
...There were more than 3,700 liquidations in the sector, up 37 per cent from the previous year....
...After years in the retirement planning wilderness, annuities — guaranteed incomes for life — are back in the limelight, due to rising interest rates....
...Country Garden, one of the largest developers, received a liquidation petition filed by one of its creditors last week, which suggests a further decline in steel demand is on the cards....
...“The surge in annuity rates we’ve seen over the past 18 months has reinvigorated the market . . ....
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