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...Pete Cowell, head of annuity products at Standard Life, says 65 is the average age of purchase. “There’s not a huge trend to later life annuitisation but it is creeping up.”...
...He is altogether different as Aleksei, a Belarusian ex-con who aspires to a new life in Europe, only to end up adrift and traumatised in Paris....
...Higher investment income on fixed-income returns also contributed to the rise in group profits, the company said on Friday....
...Davie cautioned against the BBC moving towards a fully commercial model, saying such a move could compromise the corporation’s editorial objectives....
...Classical music, though, is a foreign language. Currently, my progress feels rather like the excitement when you hit a one-month streak on Duolingo: it’s a start. Next up: jazz....
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...The origins of this pioneering integrative health clinic began as a “crazy” and “niche” idea, says the company’s vice-president Alejandro Bataller of his father’s decision to enter the wellness space — by...
...But the terrain is kinder: scant foreign competition, a domestic market of 1.4bn and preponderance of merchants that only accept payment by app....
...Special FT subscription offers for Life and Art podcast listeners, from 50% off a digital subscription to a $1/£1/€1 trial, are here: http://ft.com/lifeandart Read a transcript of this episode on FT.com...
...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...
...An extreme case was Harold Geneen at ITT, who converted what had once been a telecommunications company into a conglomerate; Geneen believed that his management skills could be applied to virtually any industry...
...Insurer Standard Life has launched a pension annuity product, in another sign that the fixed income market has been rejuvenated by higher interest rates....
...“The bigger question is, ‘What do you want to do within your life?’” Hearne says. “Money is a tool, ultimately, because it allows someone to unlock their life.”...
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...capital, it’s possible to buy a purchased life annuity (PLA) using a cash lump sum....
...“With a colleague at work, you might not know what’s going on in their life or where they’re coming from. But Christie and I share a lot of values, history and a work ethic....
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...There will be a restaurant with a menu incorporating local ingredients, a museum, and a workshop focused on significant Brazilian crafts....
...Among new details of his long-standing double life is that Marsalek subsequently took shelter in Moscow having adopted the identity of an orthodox priest....
...She explained that the house had been “staged” by a company that earned good money making houses look as if cool people lived there....
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...The end of negative interest rates in Japan threatens to bring a new era of volatility for the yen, denting some of its allure to international investors and foreign governments seeking a reliable vehicle...
...It was a serpent for Saddam Hussein. A bee for Palestinian leader Yasser Arafat. And a missile-like arrow for Russian foreign minister Igor Ivanov....
...He lived there just two years, “a very short period in his very short life”, explains Rob Shakespeare, head of heritage and museums for the City of London Corporation, which manages the site....
...The thing we’re often thinking about here is how to live a good life. But life isn’t always good. And the news cycle over the past few months has felt relentless and hard....
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