Hints and tips:
...Over the past two decades, holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent, while holdings of fixed income have surged...
...But asset managers said they were fighting a battle with customers who have a negative association with annuities as expensive, complex, and illiquid products....
...Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers — providers of annuities and other products...
...Last week, Christopher Ailman, outgoing chief investment officer at Calstrs, warned that while “it’s great [private equity funds] make money for our retirees — who are teachers — and for other funds . ....
...That is particularly the case for real estate funds, but it is also seen in private debt and private equity portfolios....
...“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...
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Equity risk should be measured as the cost of buying insurance with an equity put option. And if Eton is taking such a sure-fire bet, then the cost of equity put insurance should be low....
...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....
...Data from the Investment Association shows that UK equities have suffered £14bn worth of outflows since 2016, yet fund managers believe these factors, combined with share buybacks and M&A activity, mean...
...The heads of 80 so-called “post-92” universities and colleges that are part of the Teachers’ Pension Scheme (TPS), covering teachers in England and Wales, hit out at the government’s incoming state pension...
...fund her retirement Dream Home lifestyle....
...It features Iowa Hawkeyes women’s college basketball icon Caitlin Clark alongside NBA Championships finalist Jimmy Butler, selling car insurance for State Farm....
...Older applicants are also barred if the mortgage term stretches into retirement....
...But there is a drought in the appetite of UK investors for long-term investment in productive assets in Britain such as public equity markets, unlisted equities and infrastructure....
...He added that “they are people especially from private equity and the hedge fund world who are used to getting their way in life”, and are “clubbable types” who frequently interact with each other and other...
...or their private-equity backers....
...For its part, Apollo notes that fresh investment in annuities and life insurance had been moribund for years — until it got involved....
..., according to the Life Insurance Market Research Association....
...The National Association of Insurance Commissioners reckons private-equity owned insurers had $534bn of investments in total at the end of 2022....
...They are bound to lose out as the date of any insurance company buyout is pushed back....
...For those with a DC pension who have retired, or nearing retirement, higher bond interest rates are very good, because they have reduced the cost of buying an annuity — a guaranteed pension for life, which...
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
...equity and early-stage businesses in areas such as fintech and life sciences....
...The fund — which manages money on behalf of pension and insurance plans — is following other large investors in dialling back their activity in the world’s second-largest economy....
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