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...If you don’t have any stipulations in place — some death benefits can be bought as “add-ons” to an annuity — your pension funds return to your provider upon your death....
...It also allows an increasing chunk of sponsors to exit the business altogether, transferring assets to bulk annuity insurers in “buyout” deals....
...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....
...And one thing to start: Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...The recommendation for the church to target £1bn for its new “impact investment fund”, through third-party and additional church funding, was one of a series of recommendations made in the group’s report...
...“These products are taking share from other means of getting similar outcomes, notably in the case of structured products and index-linked annuities,” said Ben Johnson, Morningstar’s head of client solutions...
...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....
...The Bank of England has also warned groups to more tightly manage the reinsurance deals they are doing to increase their capacity for bulk annuity transactions....
...customer’s objectives, and a loss of safeguarded benefits or valued features....
...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....
...“The ANC government failed Black South Africans by negotiating something that wouldn’t tangibly add benefits for [us]....
...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...
...Before then, they mostly had to buy annuities. Bond-heavy annuity funds hedged that liability as retirement approached....
...After weeks of gloomy economic data, especially on inflation, today the chancellor will turn to the City of London in the hope of channelling billions of pounds of the UK’s pensions savings into boosting...
...fund can switch some (or all) of it into an annuity....
...The Israeli military carried out a rare air strike in the West Bank city of Tulkarem on Thursday against the backdrop of increasing hostilities in the occupied territories....
...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....
...To that end, it has drafted in 3,500 policemen from Berlin itself and from the nearby federal states of Saxony and Saxony-Anhalt to maintain order in the capital....
...He said consumers were now more attuned to rate differences, but products would need to evolve to meet the needs of savers retiring without a defined benefit pot....
...When the scheme transferred to PIC, Shaw became one of more than a million UK savers whose pension benefits are now the responsibility of a life insurance company, rather than a traditional pension fund...
...Increased competition from such a well-known name should help drive higher incomes for retirees and benefit the annuity market as a whole,” Morrissey said....
...The number of schemes trying to get ready for such deals — last year a record £50bn of bulk annuity deals were agreed — has led to steep discounts on some assets, said investment advisers....
...and bulk annuity sales....
...Fidelity’s Special Situations fund has targeted UK life insurers, seeing growth potential in the bulk annuities market as companies buy out defined benefit pension schemes....
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