Tag Archives: PIC
Insurers competing for pensions using leverage to boost annuities? Surely not.
The bulk purchase annuity market comes under the scrutiny of the FT this morning. They are reporting what we have heard rumoured but have had no solid evidence of. The insurers say this has nothing to do with the leveraged … Continue reading
Posted in advice gap, pension genome
Tagged Annuties, Insurance, L&G, LDI, leverage, Liability Driven Investment, Pensions, Phoenix, PIC
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BOE concern over US private capital taking pensions off to Bermuda
The FT are picking up on a speech by the Bank of England You can read that speech here Vicky White highlights new innovations in the UK life insurance sector, focusing on Funded Reinsurance and capital in the Bulk Purchase … Continue reading
PENSION RISK TRANSFER INDUSTRY – Push Back and Critique
This paper has been sent to Pension PlayPen to accompany the presentation given by William McGrath and Con Keating on Tuesday 2nd September. The video and slides of this presentation are available on this link. This is the final piece … Continue reading
The Rolls Royce of pensions is now owned by American private equity
The FT report on the FT through Lee Harris and Martin Arnold. Demand for Penson Risk Transfer (PRT) deals is expected to reach £500bn by 2033, according to estimates from consultancy LCP. Insurers specialising in the arrangements have, meanwhile, become prime takeover … Continue reading
Why is Brookfield’s purchase of Just getting so much attention?
I look at the stats on my blogs at the end of the working week. This week’s were strange; the two blogs on Brookfield taking over Just had twice the reads of any other. I thought it might be of … Continue reading
Posted in pensions
Tagged BOE, Brookfield, ft, Just, Pensions, PIC, PRA, Rachel Reeves, Treasury
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Wares to be wary of! Our skills must match the private dealmakers’.
Patrick Jenkins has written a great opinion piece, inspired it seems by the acquisition of one insurance company (PIC) by a private equity company Athora. He is also struck by Legal & General, who last week struck a deal with … Continue reading
DB Pension Scheme Transaction Transparency and Scrutiny – Baker Hughes (2)
I’m a words man. William McGrath is a numbers man, I think we are both humanists, we value human happiness over corporate profits. So William has responded to my well read blog this week about Baker Hughes’s inhumanity with this … Continue reading
Apologies for being too nice to PIC
I do apologise to my readers for annoying them. They had been asked to engage with Pension Insurance Corporation’s survey of 1,000 of their members who it seems, enjoy PIC’s willingness to keep them paid However, I had misread … Continue reading
PIC ask their annuitants what they want. Do pensioners want annuities?
There is a lot to be said for asking your customers what they want and Pension Insurance Corporation (PIC) make it clear that they have good reason to feel happy that people getting paid annuities by them are happy with … Continue reading
So much for “gold-standard” pension buy-outs
The 300,000 Pensioners getting paid each month by Pension Insurance Corporation, may not be best pleased to read in their FT (or on this blog) that their paymasters in 2024 are likely to be “Barbarians at the Gate”. Apollo, Carlyle … Continue reading