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All About Annuities » pension

UPDATE 2-Partnership Assurance eyes company pension deals as individual …

UPDATE 2-Partnership Assurance eyes company pension deals as individual …News from Reuters: Tue Mar 3, 2015 5:25am EST * FY operating profit down 51 pct to 64 mln stg * Individual annuity sales fall 57 pct to 466 mln stg * Tempered by near three-fold increase in bulk deals * Bulk deals expected to total [...]

Kimberly-Clark buys annuities to cover pension risks

Kimberly-Clark buys annuities to cover pension risksNews from Business Insurance: Kimberly-Clark Corp. is buying two group annuity contracts to provide pension benefits to about 21,000 retirees, the Dallas-based paper goods manufacturer announced Monday. In the latest corporate move to reduce pension liability risks, Kimberly-Clark said it will transfer about $ 2.5 billion in pension plan [...]

How annuities can gold-plate a silver pension

How annuities can gold-plate a silver pensionNews from The Globe and Mail: We worship defined benefit plans, but we disrespect annuities. This is illogical. DB pensions offer a set amount of monthly income for as long as you live, just as annuities do. This is why DB pensions are considered so desirable. If you’re a [...]

Annuities Stay In Play Even As Pension Funding Drops

Annuities Stay In Play Even As Pension Funding DropsNews from Insurance News Net: By Linda KocoAnnuityNews Although equities hit new highs last year, funding levels at corporate pension plans didn’t. In fact, the levels went down. That’s keeping demand going for annuities that fund pension takeover deals. First, what happened. According to Towers Watson, the [...]

Pension Buyout Puts Group Annuities In The Spotlight

Pension Buyout Puts Group Annuities In The SpotlightNews from Insurance News Net: By Linda KocoAnnuityNews MetLife has signed a $ 440 million pension buyout agreement with TRW, a subsidiary of TRW Holdings. It is one of several such deals that MetLife has closed over the last few months, Wayne Daniel, senior vice president-U.S. pensions for [...]

Just Retirement plans to increase sales of pension annuities

Just Retirement plans to increase sales of pension annuitiesNews 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. (Bloomberg)–Just Retirement plans to increase sales of pension annuities to smokers and people with impaired [...]

AkzoNobel To Purchase Annuities For US Pension Obligations

AkzoNobel To Purchase Annuities For US Pension ObligationsNews from AftermarketNews.com (AMN): AkzoNobel To Purchase Annuities For U.S. Pension Obligations THE NETHERLANDS – AkzoNobel has agreed to transfer its obligations for monthly pension payments for current retirees in the U.S. to insurance company MetLife.   The annuity purchase is expected to reduce AkzoNobel’s U.S. pension obligations [...]

BRIEF-Akzo Nobel to purchase annuities for US pension obligations

BRIEF-Akzo Nobel to purchase annuities for US pension obligationsNews from Reuters: AMSTERDAM Wed Dec 18, 2013 2:11am EST AMSTERDAM Dec 18 (Reuters) – Akzo Nobel NV : * Says AkzoNobel to purchase annuities for US pension obligations * Annuity purchase is expected to reduce AkzoNobel’s US pension obligations by about $ 655 million * Says [...]

State pension board postpones decision on annuities

State pension board postpones decision on annuitiesNews from Indianapolis Business Journal: State pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees. Members of the Indiana Public Retirement System Board of Trustees said Friday they aren’t sure [...]

State pension board postpones decision on annuities

State pension board postpones decision on annuitiesNews from Indianapolis Star: State pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees. / JOE VITTI / The Star Written by Lesley Weidenbener TheStatehouseFile.com Indianapolis News Indianapolis Politics/Government Franklin [...]