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All About Annuities » pension

Pension Plan Sponsors Weigh Third Party Annuities

Pension Plan Sponsors Weigh Third Party AnnuitiesNews from Bloomberg BNA: Login to Your Bloomberg BNA Product Subscription ABA/BNA Lawyers’ Manual – Full Service ABA/BNA Lawyers’ Manual – Current Reports Only Accounting Policy & Practice Report Alternative Investment Law Report Antitrust & Trade Regulation Resource Center Banking Daily Banking Report Bankruptcy Law Resource Center Benefits Practice [...]

Irish Life completes pension buyout using sovereign annuities

Irish Life completes pension buyout using sovereign annuitiesNews from IPE.com (registration): 08 Jan 2013 IRELAND – Insurer Irish Life has completed a €20m buyout using sovereign annuities, its first deal with the product and coming less than a month after gaining a certificate from the Pensions Board. The company would not disclose the name of [...]

Consumer Alert: Annuities and Veterans’ Pension Qualifications

Consumer Alert: Annuities and Veterans’ Pension QualificationsNews from What Retired … – Bent County Democrat: Denver, Colo. – The Colorado Division of Insurance and the National Association of Insurance Commissioners (NAIC)are warning consumers about questionable strategies aimed at helping military veterans qualify for pension benefits.  Many of the nation’s 16 million living veterans and their [...]

Men rush to buy pension annuities to beat ‘completely mad’ EU rules …

Men rush to buy pension annuities to beat ‘completely mad’ EU rules …News from Daily Mail: By James Salmon PUBLISHED: 17:10 EST, 12 October 2012 | UPDATED: 17:12 EST, 12 October 2012 Thousands of men are rushing  to secure pensions to avoid a ‘mad’ gender directive from the EU that could devastate their retirement plans. [...]

Pension annuities in ‘freefall’ due to money-printing

Pension annuities in ‘freefall’ due to money-printingNews from Telegraph.co.uk: Joanne Segars, chief executive of the National Association of Pension Funds (NAPF), which represents the pensions industry, said that annuities have taken a “hammering”. Lord McFall of Alcluith, the former chairman of the Treasury Select Committee, said that the UK is “digging a pension pit” for [...]

Annuities: why laziness could cut your pension by 12%

Annuities: why laziness could cut your pension by 12%News from Aol Money: New research has revealed that there can be sharp differences in annuity rates, even among the leading deals. Getting the best possible income in retirement is getting tougher. It’s long been the case that the return you can get from different annuities can [...]

Drawdown v annuities: which pension strategy wins?

Drawdown v annuities: which pension strategy wins?News from Citywire.co.uk: Going into retirement has traditionally meant using your pension pot to buy an income with just with one financial product, known as an annuity. But as pensioners struggle to make the most of their savings, some experts believe you may need to look at combining different [...]

Six Ways Pension Annuities Almost Always Beat a Lump Sum

Six Ways Pension Annuities Almost Always Beat a Lump SumNews from Registered Rep.: Mar 9, 2012 8:53 AM, By Mark Miller Article tools sponsored by: You have a client who participates in a defined benefit pension plan at work. She’s near retirement, and needs to make a decision: take the money as a lump sum, [...]

Pension statements must be told about shopping around for annuities

Pension statements must be told about shopping around for annuitiesNews from Pensions.co.uk: By Charlotte Beugge Pension customers will have to be told about all their annuity options under a new code of conduct proposed by the Association of British Insurers (ABI). The idea of the code is to encourage more pension customers to shop around [...]

Pension plan: Now, a person can draw annuities at 55 years of age

Pension plan: Now, a person can draw annuities at 55 years of ageNews from Economic Times:MUMBAI: The insurance regulator plans to lay a floor of 55 years of age for a person to draw annuities from pension plans as it moves to reduce risks for insurance companies and revive a pension market that’s ignored by [...]