Prudential and Blackstone buy Bradford & Bingley loans for £11.8bn
Prudential, which has one of the largest annuity books in the UK, can use the buy-to-let mortgages to back long-term liabilities such as annuities and with-profits policies. Other companies that submitted bids included Pimco, the US asset manager, the ...
UK regulator scrutinises with-profit policies
The Financial Services Authority (FSA) in Britain this week issued new draft regulations to control the sale of "with-profit" policies following investigations into the near-collapse of life assurance company Equitable Life. The problems at Equitable ...
Life assurers: where next for growth?
That's not to mention the burden on life assurers in preparing for the enactment of the Solvency II regime at the beginning of last year, which increased the capital requirements particularly for insurers writing new annuity business. It is no surprise ...
With-Profits Bonus Declaration February 2017
Prudential UK & Europe
The reduction in annual bonus rates helps us to manage levels of guarantees, allowing the With-Profits Fund to retain the investment flexibility it needs to better withstand any future fluctuations in the market volatility and continue to deliver ...
Former Equitable Life Annuity Customers
Prudential UK & Europe
In 2017, we'll maintain our prudent approach to managing the With-Profits Fund, which is a key pillar of the Fund's success. We aim to secure the highest total return for the Fund over the long-term (after any tax and investment expenses) while ...
Zacks Industry Outlook Highlights: Health Insurance Innovations, Reinsurance Group of America and GWG Holdings
In fact, this arrangement should make variable annuity portfolios and other fee-driven businesses contribute a little more to the profits as U.S. stocks enter their eighth year of an epic bull market and promise room to run albeit with a few pauses ...
Will your pension survive retirement?
And, to make matters worse, if you bought an annuity (pension) with flexible increases built into it (in other words, a with-profit annuity), you may be disappointed with the increases you have been receiving. It seems logical to conclude that you are ...
LV= makes £49m loss after pensions freedoms hit
By contrast the mutual's life and pensions arm profits slightly increased in 2016, from £41m to £45m. The mutual's heritage businesses, made up of closed books of business in run-off, made an operating loss of £35m, compared to an £88m profit in 2015 ...
Prudential full of eastern promise
The Times (subscription)
Prudential has become the latest insurer to take a hit on past annuity sales, with profits in Britain falling by almost a third. In a contrasting picture Prudential's Asian business surged, driving overall profits above expectations. Prudential's ...
Pru puts aside £175 million for FCA annuity sales review
Pru sets aside £175m for non-advised annuity review
Prudential sets aside £175m for annuity sales review