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All About Annuities » market

Budget 2015: UK government sets out plans for ‘secondary market’ allowing …

Budget 2015: UK government sets out plans for ‘secondary market’ allowing …News from Out-Law.com: Pensioners planning to sell on the right to regular annuity payments to a third party could be required to seek independent financial advice before doing so, under plans put forward by the UK government.20 Mar 2015 A consultation paper published alongside [...]

UK annuities market set for further reform as Chancellor signals a review of …

UK annuities market set for further reform as Chancellor signals a review of …News from Companiesandmarkets.com: Britain’s Chancellor of the Exchequer, George Osborne, has signalled that he intends to introduce further reform to the United Kingdom pensions sector. Industry analysts are expecting that the forthcoming Autumn statement will include an announcement of a review of [...]

Northwestern Mutual extending annuities push to retail market

Northwestern Mutual extending annuities push to retail marketNews from BenefitsPro: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. Hoping to capitalize on Americans’ need for guaranteed retirement income, Northwestern Mutual is making [...]

Can the annuities market survive Osborne’s bombshell?

Can the annuities market survive Osborne’s bombshell?News from Telegraph.co.uk: Share prices of life insurers quickly turned red, with specialists such as Cook’s company and Partnership Assurance the worst hit, falling 42.4pc and 55.2pc respectively. By the end of the day, some £4.4bn had been wiped off the life insurance sector, as shareholders questioned the future [...]

Market Report: Barclays warned that the Budget could kill annuities market

Market Report: Barclays warned that the Budget could kill annuities marketNews from The Independent: George Osborne’s decision to scrap compulsory annuities in Wednesday’s Budget has knocked over £4bn off the value of Britain’s life insurers, and analysts at Barclays warned that the move “has the potential to lead to the demise of the UK individual [...]

Interest rate appeal: Market value adjusted annuities surge

Interest rate appeal: Market value adjusted annuities surgeNews from LifeHealthPro: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. AP Photo/Mary Altaffer, file As clients have begun to feel the shifting winds with [...]

Secondary market annuities boast higher yields

Secondary market annuities boast higher yieldsNews from MarketWatch: In a world of low interest rates, secondary market annuities can provide higher yields and larger payouts than current new-issue annuity offerings. The secondary market annuity category is somewhat of a finite asset class with only 600 million to over a billion dollars of inventory typically available [...]

Market Beat: Understanding annuities

Market Beat: Understanding annuitiesNews from Tahoe Daily Tribune: Annuities are part of the retirement plans of many Americans. Most people really don’t understand how annuities work and some investors have been taken advantage of by unscrupulous annuity sales practices. An annuity is a contract between an investor and an insurance company. There are two types [...]

Bond market fears igniting interest in fixed annuities

Bond market fears igniting interest in fixed annuitiesNews from InvestmentNews: Don’t call it a comeback, but fixed annuities are starting to pick up some buzz amid investors’ anxiety about the bond market. Investors have scurried away from bonds, yanking some $ 60 million from bond funds in June, according to the Investment Company Institute. Worries [...]

Prudential grows variable-annuities market as MetLife reduces sales

Prudential grows variable-annuities market as MetLife reduces salesNews from The Star-Ledger – NJ.com: Eliot Caroom/The Star-LedgerA bird’s eye view of Prudential HQ in Newark. Prudential Financial and American International Group grabbed a bigger share of the U.S. variable-annuity market as MetLife reduced sales of the equity-linked retirement products. Prudential, the top seller of variable annuities [...]