L&G expands US pension risk transfer business
Legal & General has entered into a second US pension risk transfer deal with a buy-out of around $65m (£44.9m, €57.7m) in pension liabilities.
Legal & General has entered into a second US pension risk transfer deal with a buy-out of around $65m (£44.9m, €57.7m) in pension liabilities.
Three-quarters of high-net-worth (HNW) individuals plan to increase contributions to their investment portfolios in the first half of 2016, according to a poll by the deVere Group.
Money has flooded into benchmark-tracking exchange traded funds as investors chase low-cost access to major asset markets.
Since Markowitz, multi-asset investing has been increasingly “en vogue”. The other trait that has caught the imagination – as well the attention of the regulators – is risk assessment.
Have financial advisers factored in the issue of longevity in the right way when they do financial planning for clients? Nick Webb, UK platform strategic relationship manager at J P Morgan, thinks not.
Guernsey said it has licensed 45 more international insurance companies in the first six months of 2015, bringing the total number of insurers operating in the channel island to 816.
Growing concerns in China and other emerging markets could lead to “a prolonged deceleration” and have a “severe knock-on effect across the EU and the US”, according to the most recent report on risk by the Economist Intelligence Unit.
Canada Life’s reinsurance division has reached a deal with insurance giant Aegon to cover the longevity risk on a €6.0bn (£4.3bn, $6.7bn) portfolio of Dutch annuities.
Chinese investors in the 18-39 age group prefer high yield products and are more aggressive and confident in their investment choices than older mainland investors, according to a survey report by Legg Mason.
Clients should see the value in professional financial advice now more than ever, yet there seems to be increasing options for a client to go direct to platform with their investments. Are advisers now competing with online robots and electronic decision trees?
Isle of Man-based savings provider Hansard International has added five risk-based Fidelity investment portfolios to its internal fund range.
There remains a significant disconnect between investors’ appetite for risk and the returns they expect to receive, new research by Schroders shows.