Browsing: Industry News

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.

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.

The percentage of companies with de-risking goals which plan to completely divest their defined benefit pension plan liabilities has increased to 93%.

Homeowners 62 and older in the US saw their housing wealth increase by $600bn in the second quarter of this year.

£30m full scheme bulk purchase annuity deal secures the benefits of 202 pensioners and 108 deferred members.