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...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 pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Wander declined to comment. 777 said A-Cap was one of a number of lenders to the firm and its portfolio companies, and it remained “confident in its ability to fund both the [Everton] transaction and the...
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...Finding enough of these could get harder, especially as competition and scrutiny mount. Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Bank of America has had a go at estimating how much The Tortured Poets Department, Swift’s latest album, is worth to Universal Music Group, her record label since 2018....
...Blue Owl itself manages $165bn for a juicy market capitalisation of just above $20bn. But Kuvare has established itself as a canny specialist in the bespoke assets that life insurers invest in....
...Otherwise, we’re likely to see a lot of people running out of money in later life. Moira O’Neill is a freelance money and investment writer....
...“Standard Life’s re-entry provides a welcome boost to the annuity market and gives further choice to those in need of a guaranteed income in retirement,” said Helen Morrissey, head of retirement analysis...
...“I think there will be a slew of challenges until a judge issues a nationwide injunction prohibiting the operation of the rule.”...
...Already our membership includes companies such as HSBC, Nationwide, Aviva and Barclays. They’re upping their game and others need to follow....
...It also allows an increasing chunk of sponsors to exit the business altogether, transferring assets to bulk annuity insurers in “buyout” deals....
...capital, it’s possible to buy a purchased life annuity (PLA) using a cash lump sum....
...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 —...
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...The key for Democrats is to expose the beneath-the-radar erosion of women’s bodily autonomy in states across the middle of the country. Set-piece addresses have a half-life of a few hours....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...UK life insurers, as heavy holders of credit to back their pension liabilities, have also become the focus of concern over their exposure to rising interest rates....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...It also helped to push three software outsourcing companies — BairesDev, Zipdev and Adeva — into the FT-Statista list of the fastest-growing companies in the Americas, based on revenue growth between 2019...
...Claer Barrett is the FT’s consumer editor and author of the FT’s Sort Your Financial Life Out newsletter series; claer.barrett@ft.com; Instagram and TikTok @ClaerB....
...This is true too of the National Gallery, the single building most emblematic of British cultural life....
...company....
...But even if we managed to eliminate one of the big killers — cancer, heart disease, stroke — that would bring us only a few extra years of life, because something else would get us instead....
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