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Tag Archives: annuities
Problems with American annuities do not bode well for British pensions selling at a discount.
I cannot see a happy end to this story – either in America – or in Britain, where much of annuity insurance written is backed by American insurers and American private credit. In America, annuities do go belly up and … Continue reading
Good times for DB pension funding? Surpluses on paper, but bond yields spell hardship for the country.
This is the headline in the FT this morning , Thursday 3rd September, eight weeks before a looming budget statement. This is not a good time to prepare your first Budget statement and John Healey is like the Tottenham Manager, … Continue reading
M&G’s “push me, pull you” bulk purchase annuity!
In a week when Standard Life announced they were replete with funds there was more interesting news (to me at least ) from M&G which is also Prudential. As I understand it from my friend John Quinlivan, this is a … Continue reading
Cayman and Bermuda take on American insurance including our pensions; here’s what’s happening
Thanks to a financier in America who shares a different attitude to insurance and its regulation with us, it would be interesting if not vital were it not about insurers and reinsurers who will end up paying our wage in … Continue reading
The annuity puzzle – why’s it so divisive?
There is banter behind my back! It relates to the annuity puzzle. You want to know what that is? Please read on! Most “experts” reckon annuities are better value for their money than they were. But I don’t get the … Continue reading
An “unreal” annuity story told by insurers.
First of all the good news; annuity rates give us the best deal since we had an economic collapse in 2008. Annuity rates have reached an 18-year high of 7.75%, according to the Standard Life Annuity Rate Tracker. Second of … Continue reading
American regulators- worried about what their insurance companies own to pay our wages in retirement
It is what we fear but dare not talk about because our insurance companies are increasingly owned by “their” insurance companies. We have seen it happen with banks, we don’t want to see it happen in insurance. We don’t know … Continue reading
Posted in pensions
Tagged annuities, Appollo, bulk annuities, KKR, Pensions, private markets
4 Comments
The American way of turning pots to pensions – from the firm rumoured to be buying L&G
It doesn’t give me much comfort to read this “partnership content” – eg an advert, in the FT from Prudential Finance. I include the article below as an example of the American way of turning pots to guaranteed income. It … Continue reading
I’m not so worried about US insurers as the pensioners who depend on their annuities
Toby Nangle is our top analyst working on American bonds , whether the credit is public or private of something in the middle. We should worry if there’s a problem with American insurers owning this stuff. Insurers using it to … Continue reading
So you think that your pension was bought out by a gilt-edged insurer?
All year I have been writing about the security of buy-ins and buy-outs of occupational pensions in the UK by insurers. I am talking in particular about our insurers that are shipping off assets and liabilities to the USA and … Continue reading