Author: Greg Winterton
Greg Winterton
Contributing Editor
A new report from Swiss Re suggests that excess mortality may continue to remain higher then pre-pandemic levels unless action is taken.
The Pension Protection Fund’s proposed levy of £100m equals that of 2024/25, the lowest ever.
Prudential, IBM enter into $6bn group annuity contract, insuring retirement benefits for 32,000 retirees.
Canadian softwood lumber GreenFirst Forest purchases group annuity contract that transfers C$26.5m of defined benefit pension obligations to a Canadian insurer.
Dutkiewicz joins WTW from Aon, where he served as Global Head of Life for its Reinsurance Solutions business.
Charities Aid Foundation Pension Scheme insures pensioner liabilities via a bulk purchase annuity transaction with Just Group.
Equity Release mortgage securitisations carry a range of benefits for institutional investors when compared to standard residential mortgage-backed securities (RMBS). Reverse mortgage securitisations involve deferred payment of interest and principal along with low loan-to-value security risk, often offering higher risk-adjusted yields compared to standard RMBS. Since reverse mortgages are typically not repaid until the borrower sells the home, moves out permanently, or passes away, the risk of early repayment (which can affect returns in RMBS) is generally lower, making cash flow more predictable. Another is that reverse mortgages usually have longer durations because they are not amortising monthly like typical…
Retirement planning in the US typically involves discussions around investments such as stocks and bonds, and, for the more affluent, offerings such as hedge funds, private equity, and real estate. But for many Americans, their life insurance policy is their second largest asset, after their home. And many of these life insurance policies meet the criteria for sale in the life settlement market. So, why aren’t more American seniors taking advantage of this option as part of a more holistic retirement planning solution? Greg Winterton spoke to Rob Haynie, Managing Director at Life Insurance Settlements, Bryan Nicholson, Executive Director at…
September sees the start of autumn – unofficially – and more of the year has passed than remains. So, as the home stretch of 2024 begins, Greg Winterton caught up with Rainer Gruenig, CEO at Plenum Investments, to get his thoughts on how the life settlement market has fared generally so far this year. GW: Rainer, to begin, give us your thoughts on the year so far for life settlements. RG: I think it’s been a challenging year. All of the firms in our market have felt the impact of higher for longer interest rates in the past couple of…
Traditional wealth management practices for retirees haven’t always deeply integrated longevity risk – the risk of outliving one’s assets – into their investment strategies for their clients. Indeed, historically, the approach has been somewhat formulaic, often based on generalised assumptions about life expectancy, risk tolerance and the expected returns of different asset classes. But for many wealth managers, the reality of their clients living longer is forcing them into something of a rethink; a rethink that ties directly into the expertise of the life settlement industry. Life settlement asset managers and providers have access to a wealth of life expectancy…