Hints and tips:
Related Special Reports
Related Topics
...Their demands are intended to protect retirees, widows and orphans relying on annuities and other products from the insurers....
...Having purchased two small level annuities at age 60 on account of guaranteed annuity rates, I was already wishing I had gone for increasing annuities....
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...A Morningstar analysis last year found that typical structured products’ sales costs were equivalent to management fees of well over 1 per cent, and annuities can cost even more....
...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...
...Legal & General’s latest standard annuity rate is 6.45 per cent, 30 per cent higher than it was in April 2022. But annuity sales fell by a shock 14 per cent....
...Then they hear the word annuity,” Ackerly said....
...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....
...a medically underwritten or “enhanced” annuity which provides higher annuity income....
...Apart from the investment manager, Kuvare also sells annuities. Blue Owl will make a separate $250mn injection into that annuities vehicle. It is worth the extra effort....
...Some annuities, known as enhanced or impaired annuities, now offer rates of over 8 per cent for retirees whose health is classed as “poor”, according to mypensionexpert, a pension advice site....
...and the fact that an annuity generally died with the holder or their spouse....
...set of results after more than a decade at the helm, which included better than expected solvency, Sir Nigel Wilson said it was on track to meet its five-year targets and had been “bolstered” by growing annuity...
...The bounty continued investing in the company’s annuities until they reached a peak in 1777, when they were worth £406,942, or roughly £724mn now....
...Analysts at RBC Capital Markets described the results as “mixed”, while Barclays said the “promising outlook suggests growth in bulk annuity volumes at sustainable margins”....
...The Church’s investment returns from its large portfolio of South Sea Company annuities were in the form of interest passed on from the company’s holdings of government bonds....
...Essentially, annuity purchase is problematic because it’s a one-way decision....
...The company also reported strong demand for bulk annuities, in which it takes over corporate pension schemes....
...“Ultimately [bulk annuity deals] are a melting ice cube, they will disappear to nothing,” said Autonomous’s Crean....
...One issue is that selling annuities is capital negative. Big annuity sales require regulatory capital transfers, which for L&G should be under 4 per cent of the annuity premium....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...I have asked our financial adviser if it would be worth my husband buying an annuity with some of his invested Sipp given its mediocre performance and the high annuity rates currently available....
...Annuity capital is not permanent capital. PE firms raising capital by selling annuities have to worry about maturity mismatches....
...Annuities such as those offered by A-Cap are typically backed by low risk investments in liquid securities, because policyholders are often able to redeem funds, subject to penalties....
International Edition