Author: Greg Winterton
During September, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process rose from 100.8% of a plan’s accounting liabilities to 101.7%.
Schmidt will oversee the marketing strategies for the Lighthouse Life, Settlement Benefits Association and Harbor Life Settlements brands.
The K3 team and brand will continue to operate as a distinct service offering within the Isio group.
All pensions within the CWPF Defined Benefit Scheme are now backed by insurance policies.
The transaction was completed in September 2024 and secures the benefits for approximately 15,000 members of the scheme.
The impact of interest rate changes on the life settlement market is not as clear cut as in other private asset classes.
EY’s Swapnil Katkar offers his thoughts on the state of the UK bulk purchase annuity market.
Lowest number of HECM approvals since 2001 makes for tough reading for US reverse mortgage market.
Universal Life insurance applications in the US were down -27.1% year on year in September, according to the latest update from the MIB Life Index.
Annual report from LCP says that annual market volumes should average out at 2024 levels over the next decade.